Philanthropy In Sports

When people typically view professional athletes they see the lavish lifestyle, they see the big contracts, and figure that they must be set up financially for the rest of their life. This is not the case though as becoming a professional athlete is similar to hitting the lottery just genetically. Being an athlete creates a large amount of income early in life, but that income decreases to zero once retirement comes around. The documentary Broke is a compilation of interviews and incidents that occurred which showcase the poor money management done by professional athletes. Whether the athlete played basketball, baseball, football, or was a boxer it did not matter there were multiple instances where an athlete that made millions in

Futbol Club Barcelona known as Barcelona and referred by fans as "Barça", is a professional Soccer club, based in Barcelona, Catalonia, Spain founded in 1899 by a group of Swiss, English and Catalan footballers. It is the second most valuable sports team on the globe just after Real Madrid FC. It also has largest fan base among all sports teams on all major social networks. Barca is worth $3.2 billion, and the world's second-richest football club in terms of revenue, with an annual turnover of $613 million.( "The World's 50 Most Valuable Sports Teams 2014". Forbes.com ; "Deloitte Football Money League 2013". Deloitte UK. Retrieved 30 January 2013).

When people hear of college athletics, all they think of is a game. Most people do not realize that there is a million dollar industry going on around these athletes. Eric He, a sports fanatic who writes for the Daily Trojan, states, “The NCAA is a nonprofit, tax exempt organization that just happens to be a billion-dollar industry, raking in $740 million per year from March Madness alone” (par. 7). When the NCAA is generating that much money, how can it not go to the players? It is not the

Imagine a business that was bringing in millions of dollars every year in revenue solely off the employees, and the individuals who are working to bring in the money, do not see a cent of it. This is essentially how college athletes feel at their respective universities. The National Collegiate Athletic Association (NCAA) is seeing $11 billion dollars in revenue come through their doors annually, and not one penny goes back to the student athletes who, in reality, create that money. The money is passed down through the executives, directors and coaches, but none is given to the players. With putting in an average to 43 hours per week, which is more than the average work week, student athletes can be compared to

College sports are big money makers now a days. For most universities, the athletic department serves as one of the main sources of cash flow. Athletes are used to create millions of dollars for the NCAA and the schools that they participate in, and never receive a penny. If we are talking about profit, if all bonds with the university were removed, an athletic department representing itself could compete with some of the most successful companies. So, why does the most important parts of the machine, the players, do not receive any money for their training and participation? The answer lies in the NCAA which keeps all the money and their practice of keeping all the revenue for future use. College athletes should be paid for their

     There has been a constant debate the past few years on whether college athletes, particularly football players, should get paid. In 1988, the Nebraska legislature passed a bill that would allow the University of Nebraska football players to receive better cash incentives. The bill was later vetoed by Governor Kay Orr, who was governor of Nebraska at the time (O’Toole etal. 2). . The dispute comes from coaches, parents of the players, and the players themselves arguing that universities make money off their own athletes and the athletes, in turn, do not receive any money from that. Many NCAA officials disagree stating their case that college athletes already receive

The amount of money brought in by Division I football can be as great as $196 million in revenue. This money goes towards facilities, marketing, staff salaries, and many other departments throughout the university. Typically, the better the team does, the more money they make. An example of this is the University of Iowa’s football team. Although they did not win the Rose Bowl or Big Ten Championship game, they were expecting an increase in revenue by about $5 million from the previous season due to their successful regular season and the opportunities that they had in the postseason (Batterson, 2016). This allowed them to make renovations to Kinnick Stadium and increase the coaches’ salaries. Of course, it is important to remember that without the players, the team would not have

Title of Assignment: Term Paper – “Integrating Values – The Legality, Morality, and Social Responsibility of Paying College Athletes”

Most players have charities like Russell Westbrook, Pau Gasol, Kevin Love, Chris Paul, Shane Battier, Kevin Durant, Derrick Rose, Dwyane Wade, Stephen Curry, LeBron James. Those are just some of the great basketball players that help out with their communities and their

Majority of college football or basketball teams bring in enough money to support many student clubs and programs. Even though they bring enough for these programs and enough for themselves, what about the other teams that don’t bring in any money at all. Teams like lacrosse , golf or swimming might not earn as much revenue to support themselves and using money the bigger teams bring to give to them would not be fair Splitting money between all the teams would be hard because there is not a fair way you could spilt it. Many teams earn way more money than the others. Hruby reported that, “NCAA pocketed an astonishing $771 million in television money for its just-completed men's basketball tournament.”(Hruby) The NCAA men’s basketball tournament

Whether it be baseball, football, soccer, or basketball, sports are appreciated not only in America, but all over the world. One of these sports that is particularly popular in America is Football. The immense crowds of people who sit at a stadium or on the couch to watch a game never fail to recognize every single play on the field; however, many fans pay little to no attention to one of the most important components of the game, the player-association relationship. When signing a contract with an NFL team an NFL player is effectively dedicating his life to his new organization. His duty is to play for his team in order to make the organization money, and money they make. In the NFL last year “each team received $226.4 million” (Brady 1).

Real Madrid was ranked the richest football club in the world in 2009-10, according to Delloitte Football Club Annual Report with €438.6m in revenue. (Goal.com, 2011)

Both Dave Zirin in "The Shame of the NCAA" and Tim Ajmani in "Compensation for College Athletes" would agree that student athletes are being taken advantage of. In Zirin's piece, he speaks about how this treatment towards these students is a civil rights issue. These students are being overworked on the field, some may consider playing a sport in college is more than a full-time job, and aren't getting form of payment or protection. These corporations and universities are “enriching themselves on the backs of uncompensated young men whose status… deprives them of the right to due process guaranteed by the Constitution"(Zirin 204), the NCAA justifies its purpose with two principals, amateurism and student athletes. Since these athletes are students and playing amateur games, they don’t have to be compensated. The NCAA also justifies the fact that students don’t get paid by giving them free room and board but Ajmani makes a point that paying students would provide more of a motive for them to stay in school and complete their degree. In Ajmani's

Salaries, wages, and compensations have always been major and generally controversial topics in democratic America. And, with the rising popularity of college athletics, particularly football, compensation (or lack thereof) for college athletes has recently been a hot topic in American sports. While some of the debate stems from the similarity between responsibilities college athletes have to their programs and those of professionals, most of the issue involves the principles of amateurism. Recent “scandals” involving college athletes such as Terrelle Pryor, Johnny Manziel, and Todd Gurley have raised questions about the ethics of amateurism, particularly with regard to the NCAA organization. The issue is found in a very gray area, where there is most likely no definitive one-size-fits-all solution, but the resolution of this issue is one that will change and shape the future of college athletics across the national landscape.

The main stakeholders of football clubs, their 'stake' in the organization and legitimacy of their interests.