Thus, if we had money to spend along with the time, then most of us would shell out our time and money on entertainment. And what better entertainment than sports, right?
If we leave everything to the market, then that is the kind of an outcome we can expect. Which is also what we see increasingly happening in higher education, where students spend their time and money. And with plenty of help from taxpayers, sports rule. The flashier and more exciting the sport is, the more is the money spent on it.
Which is why it is no surprise that this op-ed (in the NY Times!!!) author has taken it to the logical extreme: He (of course it is always a "he" when it comes to such nutcases!) says it is high time universities offered majors in football and basketball and ...: He cites how the market has already spoken in favor of this:
Last weekend, nearly 157,000 people packed Bristol Motor Speedway in Tennessee to see the University of Tennessee battle Virginia Tech, the largest crowd ever to turn out for a football game, college or professional.
With popularity comes money, and lots of it. In April, the N.C.A.A. signed a deal with CBS and Turner Broadcasting for an eight-year, $8.8 billion extension of their March Madness basketball TV contract to 2032, while the college football bowl series brings in more than $500 million annually.
Exactly. When was the last time a philosophy match brought in such money?
The author offers more:
Athletic budgets have swelled as a result. Texas A&M is on the verge of becoming the first campus to bring in more than $200 million a year from athletics. The University of Iowa just announced a 10-year, $45 million contract extension for its football coach. In 40 states the highest paid public employee is a college coach.
Oh, I get it now; the high salaries of coaches at colleges is to be lauded as the market speaking loudly. What was I thinking!
The $6.9 million annual salary of Nick Saban, the head football coach at the University of Alabama, is equal to the combined average salary for nearly 100 assistant professors at the school, according to the most recent data available.
Get rid of those faculty in geography and pay the football coach some more, I say.
Oh, wait, except that coaches earning gazillions, and the NCAA being an awesome cash machine, are not the results of the free market. Click here, and in the table sort it out by the final column on "% Subsidy" if you want to puke all over the screen!
And, oh, while the coaches get paid gazillions, the worker-bees, also known as students, do not get paid. Surely that is how the market works. It does not?
And, oh, while the coaches get paid gazillions, the worker-bees, also known as students, do not get paid. Surely that is how the market works. It does not?
It's wrong that taxpayers are forced to subsidize professional sports teams via stadium deals and the like. It's equally wrong that taxpayers and students see their bills jacked up to fund college sports teams, no matter how enjoyable the spectacle. I suspect that if and when the actual payouts to athletic departments for sports programs become better known, this worm will turn.Nope, in this entertainment obsessed world, no worm will turn anywhere. Who cares if 30-year old Johnny can't read and lives in mom's basement as long as he gets screens full of entertainment!


