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.
Tennis stars Carolina Wozniacki and Kevin Anderson and USTA Chief Revenue Officer Lew Sherr sat down with Cheddar days before the kick-off of the 2018 U.S. Open. Wozniacki expects some serious competition as Serena Williams is back in the mix after giving birth last September.
NBA Hall-of-Famer Clyde Drexler, commissioner of the BIG3 3-on-3 league, sat down with Cheddar and talked about those rumors that Kobe Bryant might join the league, as well as the league's push to bring 3-on-3 ball to Tokyo 2020.
Facebook was forced to remove its data security app, Onavo, from the App Store after Apple updated its data collection guidelines. Meanwhile, the social media giant also voluntarily removed the quiz app, myPersonality, from its platform after the app improperly collected data on more than 4 million users. And we're joined by Mike Francesa, New York sports radio legend, to hear about the launch of his new app, 'Mike's On.'
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Jason Robins, DraftKings CEO, told Cheddar the company has been working on several ventures to capitalize on the Supreme Court ruling that cleared the way for states to allow sports betting. The company's first such product rolled out this month.
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NEO U, a new gym in New York, is not just a place to get in shape, it's a studio where fitness professionals can share their workouts with online followers around the world. The co-founder Nate Forster wants trainers and partners like Soul Cycle, Equinox, and Peloton to see the NEO U platform as an opportunity, not competition.
The Denver Nuggets shooting guard has already made it to the real NBA, and now he has his sights curiously set on getting his team to compete in the top tier of NBA2K, the basketball league's esports analog.
Super Bowl champion Reggie Bush says college athletes should be paid and the NFL should do more to protect players, including guaranteed contracts. "We're modern-day gladiators," Bush says about football players. "It's a brutal sport."
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