Whether or not a given NCAA football program is profitable has no bearing on whether or not the players are being undercompensated by a monopsonistic cartel that has effectively colluded to limit their pay. If I hire you to provide weightlifting, weapons advice, and computer security for my failing business, and collude with all my competitors to undercompensate you relative to your value, my own failing business' failure is simply not relevant to the economics of how you're being undercompensated.
usually when collective bargaining, the profits of the company are discussed. Are you saying I lack expertise in those areas or are you making fun of me for my occupation, hobby and fitness?
No I'm saying you have expertise in those areas, that's why I'm hiring you for my failing business which happens to be the member of a monopsonistic cartel, that collusively sets the prices for men of your skill set. A monopsony is a monopsony, even if all of the cartel members aren't getting rich off it. (Though many are, even at weaker members). Indeed they do, they help make the cartel possible and benefit greatly from it by not having to fund training and development of their labor force - over the longer term, they're recipients of a wealth transfer here too.
Off topic but- The distribution of wealth in D1 football is insane since the BCS came around. Spoiler Read an article a few weeks ago I cannot find now that talked about how the figures reported to the Dept of Ed are inaccurate because they don't show costs of debt service, office space etc.
basically what it means is salaries are off the board because only the rich could afford to add that expense
Nah actually it's not that hard, basically the deal with monopolies and cartels isi that they facilitate transfers of wealth from one side to another - the NCAA cartel tends to re-direct revenues from labor to athletic departments and coaches. Nike wants Reggie Bush and Vince Young to wear its gear - but instead of simply signing them to a shoe contract, as any other athlete would, they ink a deal with the university, so instead USC and UT take home the cash, and use that money to fund lavish salaries for coaches, AD's, facilities etc.
i read the si article, i just could not care less about this crap. tressel knows what's going with boosters. yeah, like other big time program coaches don't. funny, i was watching old twenty jump street episodes and they were investigating a rogue bball program that had everything, point shaving, drugs, cheating on grades, players getting paid, even an illiterate player. it was way over the top funny. anyway, the only thing tressel really did that was stupid was letting those kids continue to hang around the parlor, i mean that was bound to get out.
Tressel was doomed for the same thing the Watergate crooks, Scooter Libby, Barry Bonds etc got busted for - it wasn't the crime so much as the cover-up, and on that, he was caught red-handed.
i've found their next coach. The guy is perfect. He runs a squeeky clean program is goes by the book 100%. He is also excellent at finding unique talent. Spoiler
So Now that Tressel basically cannot coach for the next 5 years, part of me hope they replace Lou Holtz or Mark May with him in the ESPN NCAA Football coverage.
