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The Ramsey Show Highlights

Is NIL Good for College Athletes?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 31 May 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Brought to you by the Every Dollar app.

0:04.3

Start budgeting for free today.

0:06.6

All right, here's the question from Nathan.

0:07.9

What is your opinion on the recent changes allowing college athletes to profit from their name, image, and likeness for sports fans?

0:14.0

You know this as NIL for non-sports fans when you hear that.

0:17.5

We'll explain that in a second.

0:18.7

Do you believe this is a positive development for college

0:21.1

athletics, providing athletes and with more opportunities, or do you have concerns about potential

0:26.4

implications for the integrity of collegiate sports? Well, let me address that first. The irony is

0:30.9

that NIL has actually probably brought more integrity to collegiate sports, because now it's

0:36.0

removed all of the edges and all the

0:38.1

cheating that's involved with recruiting, which would have been always cash to families or cash to

0:44.5

athletes. And since the adoption of NIL, where college athletes can be paid for their name,

0:50.7

image, and likeness. It was an adoption. It was a court mandated. Yeah, but I'm just saying.

0:57.3

Yeah, but it said they had to. That's right. And so now that is the law of the land. So what that has done is

1:01.7

really removed a lot of the cheating and the backroom deals where you saw boosters causing a lot of

1:06.8

problems. On the other issue, what is my opinion of it? I'm not a fan of it. I certainly understood

1:12.9

that there was a case to be made that colleges and their athletic departments were profiting mightily

1:18.2

from these athletes, but what has happened is I think it swung too far the other way, and that with

1:23.7

the transfer rules has now made it free agency. And so college sports mirrors professional

1:29.2

sports, but in fact it's even crazier. It's the Wild Wild West. There are no contracts. An NBA or an

1:35.3

NFL free agent is under contract for X amount of time. The team and the athlete and the agent

...

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