NCAA reverses position, allowing college players to make money from their name, image, and likeness | Episode 130

Oct 30, 2019

57:47

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Today we had an interesting discussion about the recent decision by the NCAA to allow players to make money from their name, image, and likeness. This is a massive decision from the body which brings in massive amounts of endorsement money from players, although not allowing those players to make money themselves.

Overall, we support this move, because you should be free to make money if someone is specifically giving money to use your name towards making profit. Nate and Charlie have a bit of a difference on the issue, which showed through on the podcast.

Nates dissent: I agree that they should be able to make money, but I don't want to ignore the part that the NCAA has to play in the ability for the players to make money. Did they not set up the system that makes the whole thing possible? Is this similar to a business risking and investing, and then the worker being able to demand all (or most) of the reward? I obviously want them to make the money, I'm just recognizing the fact that the NCAA does have an argument in wanting a portion of the income from endorsements. It's a complicated issue.

What will also be amazing to watch is the culture that develops between schools where some students are making millions of dollars per year from their endorsements, while other player (perhaps on. the same team), might be struggling to get by. Yes, that is the free market, I'm just acknowledging that this will be interesting to watch. Especially considering that many college students favor socialism. Let's see how socialist they are when they have the opportunity to make a million times more money than their friends.