1 hour ago
https://www.wsj.com/opinion/congress-col...?st=8HnnCQ
(Should be gifted)
Some interesting nuggets in that editorial…
I wonder if the easiest solution to this is simply to bar cross-subsidies to athletics in schools that accept federal funding (that is, all of them), so that taxpayers arent indirectly paying the salaries of athletes. Also, we should tax anything above and beyond scholarship money, and maybe, if we are treating college football like a professional league, start taxing broadcast revenue and ticket sales, and charge property taxes on stadiums. After all, if it looks like a professional league and quacks like a professional league…
BC
(Should be gifted)
Some interesting nuggets in that editorial…
Quote:A Government Accountability Office (GAO) report this summer found that 94% of Division I athletic programs spent more money than they generated in the 2023-2024 school year. The median spending gap was $20.6 million. Colleges collectively spent $7.2 billion to backfill their sports budgets with other revenue, including federal student aid.
The GAO estimates that the median college contribution to sports programs per undergraduate student was about $8,500 over the course of a four-year degree. Much of this money, GAO said, was “funded by tuition and fees paid by students,” which “indirectly include federal funds students receive in federal student aid to pay their tuition and fees.”
I wonder if the easiest solution to this is simply to bar cross-subsidies to athletics in schools that accept federal funding (that is, all of them), so that taxpayers arent indirectly paying the salaries of athletes. Also, we should tax anything above and beyond scholarship money, and maybe, if we are treating college football like a professional league, start taxing broadcast revenue and ticket sales, and charge property taxes on stadiums. After all, if it looks like a professional league and quacks like a professional league…
BC