Taking A Business Management Class

Young athlete’s main goal to attain is to become a professional athlete. Many want to become a professional athlete due to the money, others for the love of the particular sport that they are interested in. There is a downside in becoming a professional athlete, that many young players are not aware of. This downside is that professional athletes’ go broke faster than they are drafted into the leagues. Many professional athletes such as NBA and NFL players go broke due to career duration, overspending, family issues, and lack of financial knowledge.

After watching ESPN’s 30 for 30, Broke, my mind starting pondering this question of why and how so many professional athletes are blowing through the millions they make while playing their specific sport? It is amazing that someone can spend that much money so quickly. What are they buying and who are they buying things for? Where are they spending it? Where do they go wrong? When did this trend start and will it continue in the future? What are the league officials doing in order to prevent this tragedy from happening? These are some of the questions I will try to answer throughout this paper.

The next issue would be how to fix this so we do not hear so many sad stories about our favorite athletes going bankrupt. Proper education would be first. Allowing athletes to better understand long term investments, and where there money should be spent if needed. This cannot occur without the help and support of friends and family. The real problem comes from within. Many money issues can be resolved if people would stop taking advantage of these young men. Their family and friends should be protecting and providing support to these young athletes, but instead they are being taken advantage of because of their money. This problem will never be fully resolved without the proper action taken by those closest to the players.

Sport Agents help collegiate athletes transition to amateur athletes. On behalf of the Professional Athletes’ Association, agents can only be considered certified if they are approved through them. The association must agree on each agent. As a part of guidelines to become a Sports Agent some things may include having a background check and agreeing to all the rules of the association. HR professionals are increasingly performing background screenings on job applicants and employees for information on criminal records, résumé falsehoods, drug use, and other data (HR Focus, 2007). Some professional leagues such as the NBA or NFL have certain rules when it comes to managing athletes’ funds. Special to the American Banker notes, “The agents, who often get power of attorney over their client's finances, take an estimated 3% to 5% of their players' salaries in financial management fees” (pg.1).

Athletes in America are known to be some of the highest paid athletes in the world. Multi-million dollar contracts and extreme amounts of money. They play extreme amounts of games and get paid what the general public would think to be a lot. In reality, they don’t get paid enough. In The Cauldron article, Leland Faust try’s to persuade the audience about athletes paychecks. He effectively uses ethos, pathos, and logos in order to persuade the audience into believing athletes should be paid more.

The popularity of college sports has risen tremendously throughout the years amongst Americans. The passion to watch college basketball, football, baseball, and other sports has generated billions of dollars to the NCAA (National Collegiate Athletic Association) and to various athletic programs throughout America. Even though, colleges are raking in millions of dollars from their sports teams. “Last year 's National Collegiate Athletic Association ("NCAA") basketball tournament generated over $70 million in gross receipts” (Goldman).The NCAA prohibits payments, beyond educational scholarships, to athletes who are the source of these revenues. College athletes spend countless number of hours in their sport every day by attending long and tiresome practices, workout sessions, and film sessions whilst balancing their academics, but do not receive any payment for their efforts. Athletes are putting their lives and careers in danger during practices and games by being vulnerable to any type of injury that might end their careers, and many of these athletes are not provided any type of medical insurance to fund their injuries. Colleges need to realize that athletes often feel exploited because while they generate revenues, they are scrounging to meet their basic necessities and sacrificing their academic and professional careers. Many college athletes, professional lawyers, and sports analysts have taken various initiatives to help

Colleges bring an incredible amount of money by their sport teams alones. According to John Brill, a sports journalist writer, “College football and basketball generate more than the National Basketball Association, a total of more than $6 billion yearly.” The money made from these sporting events are not being used correctly which is frustrating many college athletes. The money that is being

Specific Purpose: To persuade the SPC-112-W003 class on why college athletes should be getting paid.

give the athletes enough money to support themselves, or they can buy the necessities for them

With the athletes having more success with fans has increased revenues for the National Collegiate Athletic Association (NCAA). According to NCAA rules “you are not eligible for participation in a sport if you have ever: taken pay, or the promise of pay, for competing in that sport”. However, many athletes are targeted by the black markets, and end up taking money from under the table. Paying athletes would benefit the NCAA, student-athletes, and the athletes’ families.

Another reason athletes should get deferred payments is because, it could eliminate the problem of “Under the Table Money” being taken. “Under the Table Money” is the money athletes get from fans or other supporters for their good performance. The allowance of the annual salary will give the athletes reason

When they were in college they never had time to get a job, because they were spending their time doing either school work or practicing/playing the . Also if the athlete is good enough to make it into professionals they will have to manage more money. Tiffany Patterson stated, “One aspect I find lacking in this topic discussion is the ignoring of the very real fact that a lot of athletes are very financially irresponsible.”.

If they make it to the NFL, they will know how to manage their cash. One could feel like helping the athletes manage their money can prepare them for the real world. Also, if they did not make it in football, they would have something to fall back on. They would also know how to manage their money in the real world.

All around the world sports are the topic of discussion, both teams and athletes bring forth millions of viewers to see what a sports team is made up of. College is where a student gets the opportunity to shine. If a college athlete possesses a significant amount of talent they have the potential to become a professional. At a college level, students don’t receive payment; regardless of what level an athlete is on, when an individual has a natural talent the individual should be paid for doing what he is good at. This idea of not paying student athletes needs to change because these student athletes have become involved in a craft and deserve compensation for their involvement. Three key elements that is discussed in this essay will give probable cause for athletes to be compensated. The three factors that are analyzed in this essay is the commitment of time that a player sets into his or her sport, the large debt accumulated while in school, and the amount of money colleges earn through student athletes. All three aspects are valid reasons as to why colleges must start paying their athletes.

The passages present a discussion about arguments concerning whether or not professional athletes are overpaid. This is an important debate since professional sports represents a multi-billion-dollar-per-year industry. The two positions argue whether or not professional athletes should be paid the large yearly salaries they are paid. Both viewpoints have valid claims warranting consideration. For example, evidence suggests that people with far more important jobs are paid much less than professional athletes; in contrast, opposing evidence suggests that since professional athletes generally have short careers and must train very hard to build and maintain their skills, the higher salary is justified. While both sides of the issue have valid points, the viewpoint that professional athletes are not overpaid is the best-supported position, the position supported by the preponderance of the evidence cited in the passages. The strongest and best reasons supporting this position are that professional athletes must endure grueling and intensive training, they generally have short careers that often end in injury, and the amount that they are thought to be paid is often inflated. Accordingly, these reasons and opposing viewpoints will be discussed next.