THE NYT columnist Joe Nocera has a new piece about reforming football and basketball, paying players, and how to do all of this without wrecking college sports. Here's what i said online a few minutes ago.
Joe Nocera has an interesting take on setting up a market-based model to pay football and basketball players. He addresses several of the pitfalls but misses the most important issue: taxes. Once you declare football a business then it has to lose its special tax treatment, which it should anyway, in my opinion. That means no more tax deductions for fans paying thousands of dollars a season to secure seats at the Big House. Elite football programs depend on seat donations for one-third of their revenue. So, suddenly, they don't have all of the money Joe envisions, and his model probably doesn't work. Not sure how he missed this.
A salary cap for college football and men’s basketball players would not break the bank or completely abandon free-market principles. Here’s how it might work.
NYTIMES.COM|BY JOE NOCERA