The NCAA makes nearly $1 billion annually from their March Madness contract with CBS and Turner Broadcasting. The NCAA president made $1.7 million in 2012. The ten highest paid coaches in this year’s March Madness earn between $2,627,806 and $9,682,032.(Abdul)
Management argues that student-athletes receive academic scholarships and special training worth about $125,000. While that seems like generous compensation, it comes with some serious restrictions: College athletes on scholarship are not allowed to earn money beyond the scholarship. The NCAA allows the scholarship money to be applied only toward tuition, room and board, and required books. On average, this is about $3,200 short of what the student need. Academic scholarships provide for school supplies, transportation, and
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