Originally posted by ShockerPrez
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NBC News: "The FBI Has Arrested Several NCAA Assistant Basketball Coaches"
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Originally posted by Shocker_Power View PostThis thread is moving so quickly I haven't had time to keep up with all of it but I need an accountant on this board to explain to me how the shoe companies hide the large sums of outgoing cash from their own bean counters. Thanks in advance.
Now for the CPAs - the independent guys. the money went to a charitable organization. That charitable organization will be more than happy to confirm that every penny of that money is going to help inner city kids get out of the cycle of poverty (keep singing this song through many verses). Since the charitable organization is an "unaffiliated third pasrty", that's enough confirmation.
What makes you think accountants are honest? There's a lot of good paying work that requires accountants to find the "correct" answers to any questions they might ask.The future's so bright - I gotta wear shades.
We like to cut down nets and get sized for championship rings.
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Originally posted by Aargh View PostWhat makes you think accountants are honest? There's a lot of good paying work that requires accountants to find the "correct" answers to any questions they might ask.
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Originally posted by jazztrane View PostYes I remember the old adage about two accountants applying for a job and the boss asks "what's 2+2?" The first answers "four", the second answers "what do you want it to be?"
Enron's Jeff Skilling is still in residence there.
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I hardly watch ESPN anymore (because its becoming too political) but I flipped it on this morning. It didn't take too long to get tired of the talking heads making excuses and saying that they should pay players and that the system is screwed up. I got sick of it and turned it off.
I was only getting bits and pieces but one of them said that the colleges should pay the athletes their "fair market value". I don't know what that might do to NCAA Basketball as we know it but it wouldn't be a good thing.
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Originally posted by Cdizzle View Post"Fair market value" in the United States for an 18yr-old basketball player is equal to exactly 1 free full-ride to any number of hundreds of colleges and universities.
That is literally what the market will pay.
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Originally posted by Cdizzle View PostI don't think the talking heads at ESPN have thought this all the way through. But that is par for the course.Be who you are and say what you feel, because those who mind don't matter, and those who matter don't mind. ~Dr. Seuss
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Originally posted by moshock View PostI agree...I beleive that they were saying to pay according to basketball ability
It could get even stickier. Would football money be allowed to be used for basketball?The future's so bright - I gotta wear shades.
We like to cut down nets and get sized for championship rings.
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Full scholarship and cash in the 30-50k range or the NBA and Euro leagues need to step up in a way similar to baseball. The latter would be preferable. I think the Title 9 implications of the former could get ugly.Wichita State, home of the All-Americans.
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Originally posted by Cdizzle View Post"Fair market value" in the United States for an 18yr-old basketball player is equal to exactly 1 free full-ride to any number of hundreds of colleges and universities.
That is literally what the market will pay.
I honestly believe a paid system with caps and controls in place would actually seriously help smaller programs and increase parity. The current system allows larger universities to operate with out a "salary cap" so to speak because it's all off the books, but there were controls much of the playing field could be leveled. For example compare European soccer leagues to the American sports model. College athletics currently operate as European soccer does, and this prevents a lot of parity.
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