Analysis: Why College Athletes Should Be Paid

One of the arguments people use to say paying athletes in college is that the student athletes would be irresponsible with the money they recieve. That however, is a terrible argument. Teaching students athletes/young adults how to manage their money is an essential skill that many kids do not have the ability to learn until they are out of college. If there are two children, and one gets an allowance and the other does not, the child that receives the allowance every month or week, will learn how to spend and save the money more effectively than the child that does not an allowance. Giving the child the opportunity to learn how manage their money and learning how to spend it on the correct things is important at a young age. The same goes for a college student. Not all college athletes would be making hundreds of thousands of

At that amount, students would not be able to spend money on just whatever they want. It would teach them to be responsible with the money. The NCAA could give colleges money to pay their athletes to help teach them to be responsible. Another reason why college athletes should be funded for playing their sport is because the NCAA is a billion dollar industry. Just from March Madness, the NCAA is stood to make over $900 million in revenue (Investopedia). “Basically, March Madness is the NCAA’s bread and butter. College athletics’ governing body will earn somewhere around $900 million in revenue from the tournament, representing about 90% of its annual revenue. On the surface that seems like cause for outrage, especially in light of how much the players earn: nothing.” (Investopedia) The NCAA is an organization that regulates college sports. It was founded in 1906 when it was made to create rules for football and other sports. Basically, “It formulates and enforces the rules of play for various sports and the eligibility criteria for athletes” (Britannica). “The NCAA compiles statistics on about a