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That would kickstart the bag system again. IMO it wouldn’t stop anything. Once you cap wages bags are always a possibility. The higher the cap the less probable they become.
Yep. Bags would return and it would likely mean a reinstitution of the old order, with a quickened NCAA. However it would slow the player transfers if the bags being offered are 2010s level versus what is in play now.
Bags never stopped and never will....
As long as taxes exist under the table will always exist
Yes, but the bags capped out at $300K. NIL inducements are far higher - now $4M a year. It’s going to be harder to get bagmen that sort of money. I would think that the “bags” would revert to pre 2020 levels.
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**** Ross Dellenger
This is one of the most insane things I have ever seen. So you turn 18 and you’re a legal adult but you can only make 20k a year because you attend college?!
And the cost to attend that university is possibly more than said 20k per year!
I'm not advocating it. It's more of a thought exercise about a way that CFB could get around the need to collectively bargain with the players and get a salary cap imposed on the players. Cynically in this scenario it would be touted as creating space for students and student-athletes to focus on their academics.This is one of the most insane things I have ever seen. So you turn 18 and you’re a legal adult but you can only make 20k a year because you attend college?!
And the cost to attend that university is possibly more than said 20k per year!
In February 1943, Franklin D. Roosevelt proposed a maximum war-time wage. The college student maximum wage would mimic it.
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I would say as long as there is physical money under the table will always exist.
don't even need that anymore at this point
Would 100% be unconstitutional...This is one of the most insane things I have ever seen. So you turn 18 and you’re a legal adult but you can only make 20k a year because you attend college?!
And the cost to attend that university is possibly more than said 20k per year!
Also, a big win just happened for all of us who hate the NCAA and I’d love to get @DMoney take on this because I know he knows how corrupt the NCAA is just like all of us. Congress on both sides of the aisle just came out the other day and said they have no interest or intention on granting the NCAA any antitrust protection. Which is a good thing for all universities, especially Miami. That means the NCAA is going the way of the dinosaur and that is a good thing. Do you agree on this Dmoney?
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Uncertain. A maximum wage law has never been tested (although we came close during WW2).
I think maximum wage laws in general are debatable.. But a maximum wage law based on being a college student? Can't imagine how that would hold up.
Whose idea is this?
Because there is literally NOTHING legal that can be done to prevent a person from making money off his/her Name, Image and Likeness. Of course there can be a collectively bargained salary cap as we have is most pro sports, but that is entirely different from limiting earning potential from NIL.
If Congress actually passes this law and tries to extend the earnings cap to NIL, the Supreme Court will strike down the law as unconstitutional, which it would be. And it might be struck down even on the basis of a wage limitation considering that the student athletes have no voice in the matter.
So all this would accomplish, at best, is to set wages at 20k, and then colleges and collectives would offer NIL in addition to the wages.
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This is what bothers me about the hand wringing over NIL. We call ourselves a free market economy. And some of us, myself included, wholeheartedly believe that the free market is more efficient at creating an actual market than any artificial means.
But so many people who scream free market from the top of their lungs when it suits them, run from it and demand legislation or rules that limit the free market. A LOT of people in this country need to go back and read, or read for the first time, Adam Smith. And if you don’t know who he is or what I am writing about, then you need to read Adam Smith. And read some John Locke while you are at it, and throw in some Milton Friedman.
Then let’s have a real discussion about when and how to interfere with the free market. It needs some limitations admittedly, or the Wall Street firms would ruin the economy as they tried to do in 2008, but it needs a lot less limitations when we are trying to impose.
Sorry for the diatribe on economics.
But so many people who scream free market from the top of their lungs when it suits them, run from it and demand legislation or rules that limit the free market. A LOT of people in this country need to go back and read, or read for the first time, Adam Smith. And if you don’t know who he is or what I am writing about, then you need to read Adam Smith. And read some John Locke while you are at it, and throw in some Milton Friedman.
Then let’s have a real discussion about when and how to interfere with the free market. It needs some limitations admittedly, or the Wall Street firms would ruin the economy as they tried to do in 2008, but it needs a lot less limitations when we are trying to impose.
Sorry for the diatribe on economics.
I'm all about free markets. But to be fair, Locke and Smith believed in regulation. I loved what Friedman introduced in Chile and his overall efficient market philosophy. But even he agreed some governance was necessary (his son was the psycho who called for anarcho-capitalism).
All that said, this specific situation with the NCAA and Congress feels like cronyism not a well-regulated capitalist system. Players are not getting a say. That's not at all in the spirit of our economic philosophy. I feel it's un-American and (no lawyer) arguably unconstitutional.
Again, a hypothetical exercise but where in the Constitution does it say that a maximum wage law is prohibited? In this scenario, the total earnings that a college student can make is set at $20K (through the school, NIL, etc).
