Here is the link. I thought it was a very interesting read. Here are the main points I took away from it.
- The NCAA is essentially a cartel. They use their monopoly position to fix the price at which a young athlete may play college sports. That price is that an athlete may receive a year-to-year full scholarship and nothing more.
- In many ways, the NCAA is exploiting the athletes. Here are some examples:
- If a player doesn't perform on the field, he can have his scholarship revoked the next year, and if he doesn't have the money to continue at the university, he will not be able to finish his education there.
- If a player wants to switch schools, he must sit out a full year before being able to play again.
- If a player is injured playing for his school, the school is not liable. There is no workman's compensation in college sports.
- The player can't make any outside money off of his image even though his school can use his image to make money.
- The NCAA can punish an athlete for an infraction of their rules without proper due process. It picks and chooses its battles seemingly at random.
- The NCAA makes TONS of money. Because of items 1 and 2, the students see basically none of it.
