The Blue Devil’s in the Details: How a Free Market Approach to Compensating College Athletes Would Work
49 Pages Posted: 3 Apr 2018
Date Written: March 28, 2018
Everyone involved in the business of major college athletics, except the athletes, receives compensation based on a free market system. The NCAA’s cap on athlete compensation violates antitrust law, and athletes should be allowed to earn their free market value as everyone else does in this country. This Article provides a detailed approach to compensating college athletes under a free market model, which includes a salary cap, the terms of a proposed standard player’s contract, a discussion of who can represent players, and payment simulations for football and basketball teams. A free market approach would not only be feasible, but it would likely improve the product on the field and the court, as well as the lives of those college athletes who provide the labor for major college athletics, which is currently an $11 billion-a-year industry.
Keywords: College Sports, Sports Law, Antitrust Law, Labor Law, College Athlete Compensation, Free Market, NCAA, O’Bannon, Jenkins, College Salary Cap, College Players’ Contract, College Agents, Education Law
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