A report by Yahoo revealed that an FBI probe into NCAA corruption identifies possible violations by basketball powerhouse schools including Kentucky, UNC, Kansas, Duke, Texas, and more than 15 others. Sports Attorney Jason Belzer, President at Game, broke down the implications of the allegations.
Several top NBA prospects and recently drafted players were linked to impermissible benefits, such as cash advances and entertainment and travel expenses. Names listed include Duke's Wendell Carter Jr., Michigan State's Miles Bridges, and Alabama's Collin Sexton. Belzer isn't surprised by the allegations. He believes that until players get a share of the revenue that the schools get, these transactions will continue to be a part of recruitment.
The average compensation for a college basketball or football player is around $250,000-$300,000, including items such as tuition and room and board, according to Belzer. The top players generate an estimated $3 million to $5 million for their schools, he added. Belzer said a compensation structure that could fix the problem would be one that allows players to accept certain amounts of compensation. The easiest way, he said, would be to put money into a trust fund for the athletes.
These are the headlines you Need 2 Know for Thursday, September 5, 2019.
Retired New England Patriots, Rob Gronkowski, recently announced a new career path in CBD. He's not the only athlete getting into the biz. After leading the U.S. women's soccer team to a World Cup title, Megan Rapinoe and her sister announced a line of CBD products aimed to treat pain and aid in recovery. While views on cannabis continue to evolve, the sports world hasn't caught up. Even CBD is still prohibited in the NFL, NBA, MLB and NHL. Former Olympian, Dr. Joanna Zeiger, and now founder of Canna Research Group, joined Cheddar to discuss athletes and cannabis.
These are the headlines you Need 2 Know for Friday, Aug. 30, 2019.
After creating custom shoes for the stars, including Jay-Z and Beyonce, Rich Franklin, founder and owner of Dry Steppers, decided to solve a problem for the everyday person. Franklin shares how he got the idea for his business and talks about how he's grown his business.
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The esports organization is teaming up with Bumble, the women-first social and dating app, to bring together the team for competitive play in the shooter Fortnite.
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