I'm fundamentally against a person not being allowed to profit off of their own talents in any way they can, as long as it doesn't cause harm to anyone else. If it means the "downfall" of the sham collegiate athletics system, who cares?
People are in an uproar because it could cause their cash cow to come crashing down. They don't want to have to share money, or have it go away altogether.
Funny how people that are for a free and open, market-based, capitalist economy aren't for this. Shows their true colors.
I understand your point, however, I strongly disagree.
So my question to you is if you have an untethered system (like it sounds like you're proposing). how do you control (or support would be a better word) athletes from being swindled by Boosters or other money giving bodies who would try to deceive? You know the Schools and the boosters are going to have lawyers and the like to evaluate all dealings. What will the prospective athlete have in his corner? Are we going to allow Agents? Are those agents going to shop around to other schools for better deals? Can those kids sit out to go in the portal if their agent finds a better market? There is just a lot of questions that can screw kids, coaches etc that we haven't even considered.
The other question then I have for you. Since you propose that these athletes be fully able to profit untethered what happens to the programs (I'm assuming you have no problem with the portal or transfer rules since it is free and open) when these kids leave? will they (the program) take a hit on their APR? So know you are looking at affecting a program not the money but the program and multitudes of peoples well being, Coaches, S&C, Admin Asst, ADs etc based off what we don't know yet...
So sorry if we disagree but I think a let's figure this out approach is better than let's go hog wild and you can get any and all money you can get approach.
Honestly,
If I was in charge I would do 3 things that i think would assist in living conditions of student athletes and I think would assist in making an easy transition:
1. Up the current Stipend (most of the country it's 2-5K a year). I would say find out what the average part time college worker can make and use that as a stipend $500-800/Month and make it universal..
2. Set up a Trust fund. If you are enrolling at the school, and you graduate (3+ years at the school) you walk away with a $20,000 - $40,000 Trust. If you don't graduate that money goes back in the schools cauffers and if you transfer in, you get a pro-rated version of that depending on your length at the school.
3. Set up 3 autograph/picture dates for each sport while at other sporting events (i.e. Basketball teams at a football game), allow those kids to make whatever they can make during that 2 or so hour window off their likeness.
To me, you make a very nice amount of money, you can do things and feel like you have the money to do it and if you are not NFL, NBA, MLB etc player at the end you have a good trust to fall back on.
Complaints?
Gripes?