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(re-post 2008)
The NCAA is a bunch of pimps.
Yeah, I said it. And I'll say it again.
They are pimps.
College football kicks off its season next week. The season runs from September through January. Then, we have the NCAA Basketball Tournament in March. Millions of people across the country gamble and participate in office pools. People try to come away with the earnings by being the person who can correctly guess the most teams that will be left standing at the end of the tournament. The NCAA doesn't "encourage" gambling. They probably don't encourage it because they can't pimp that.
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1/6 of the money goes directly to the schools based on how many sports they play (one "share" for each sport starting with 14, which is the minimum needed for Division I membership).
1/3 of the money goes directly to the schools based on how many scholarships they give out (one share for each of the first 50, two for each of the next 50, ten for each of the next 50, and 20 for each scholarship above 150).
1/2 of the money goes to the conferences based on how well they did in the six previous men's basketball tournaments (counting each year separately, one share for each team getting in, and one share for each win except in the Play-in game and the Final Four). In 2007, based on the 2001 through 2006 tournaments, the Big East Conference received over $14.85 million, while the eight conferences that did not win a first-round game in those six years received slightly more than $1 million each.
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As for football, schools can make $15 million to go to a BCS bowl game. There are nearly 115 Division 1 Schools. And nearly another 65 Division 1-AA schools. Every school, even the ones that don't play in bowl games have enough money to fund scholarships and facilities. That said...as you can see...there's a LOT of money in college athletics. Everybody is making money. The conferences, the schools, the coaches, etc. Everybody is making money...except the athletes. According to the NCAA (aka pimps), no "student-athlete" is to be compensated for playing in amateur collegiate athletics. So the student-athlete (more on that word later) is the one who gets the short end of the stick. Some say that student athletes are being compensated because their tuition is being paid for . That is their pay.
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