A coach that makes 5 million working with athletes that aren’t paid for risking their health is underpaid?
Is he personally bringing in the millions and the athletes nothing?
I agree with the first half of your sentence and not the second. But I would argue that Saban is easily 10x more important to Alabama's success than any single athlete on the team. I think Bama's QB carousel backs up that claim.
> Then he should go to the NFL and hang with the big guys.
Financially that might be the best move for him, however I don't agree that everyone's main goal in life should be to maximize income. That said, if someone gave me $3 million to do a job I don't like as much as my current one, I'd jump on the opportunity. But if he's already making $5 million, there's diminishing returns.
Maybe they should pay him 10x more than they pay the students then. What's that work out to? If the students are being compensated with free tuition, 10x that is probably a few hundred thousand dollars, right?
What about the athletes themselves who are taking years off their lives, while getting absolutely no compensation?
[0] Really hard to quantify, but comparing the revenue effects and higher order revenue generation of programs with elite head coaches to mediocre head coaches leads to this value.
So he's making about 1/10th what he should, or 10% of his value.
Best student athlete is worth 8 million. They make $0. They're making 0% of their total value back.
The cost of the education is meaningless. It's all arbitrary and basically monopoly money costs. Oh, you're getting a full ride to a school that would normally charge you $50K? That's great, but it's not of real value in the same way that actual cash is.
This is why I'm a big fan of California's move to allow students to take endorsements.
There is a market for minor league football, and that market is being met by college sports.
1. They are compensated with a degree, and not to mention the "luxury" benefits that come with being an athlete: better food, housing, tutors, golf carts for class, etc.
2. No one is forcing them to go to college.
If you get injured, poof scholarship
2. Since the pseudo-pro athletes are playing sports instead of studying, That's fake diversity of two separate programs in one building, like counting the cafe and janitorial staff in FAANG diversity. Better diversity would be letting diverse students in, not diverse football players. Letting students in explicitly because they provide muscle doesn't move society forward.
3. That's negative-sum, like the skyrocketing tuition due to making campuses into luxury country clubs just to compete with other schools. Rankings don't improve anything for the students and society at Aleve across the country.
4. Is negative sum. Football parties aren't a special benefit. Alcoholism and associated vices (like sexual assault) aren't a boon to a university's mission.
1. Football (and mens basketball) are forced to pay more or less for the rest of all the other sports on campus[0]. Because of Title IX, student athletes/scholarships provided need to be equal across gender, which means that there need to be women's teams, which almost always lose money. You can make an argument that there shouldn't be other men's sports that lose money, but thats not what is being discussed.
2. Football/Collegiate sports in general are major drivers of diversity in colleges that are lacking in them. I've heard that at UC Berkeley that over half of black male students are athletes. Those are students that are very valuable for administrators trying to bring diversity to campuses.
3. Good football (and men's basketball) teams increase the rankings for the schools in general[1]. This has a demonstrable effect on student applications[2].
4. The culture around football games is that of partying. You go out, drink for a couple of hours before the game, and then stand in the sun for a couple of hours cheering for your team. They're fun when they're competitive, but Alabama was playing competition that was sub-par, so the games were out of hand by the end. Watching something exciting is fun. Watching something boring is not.
In my opinion, Nick Saban (Alabama's football coach) is probably the most underpaid state employee in the US.
[0]https://www.forbes.com/sites/sportsmoney/2011/05/05/does-foo...
[1]https://www.jstor.org/stable/27739784?seq=1#page_scan_tab_co...
[2]https://www.nber.org/papers/w7227