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.
The gold medal-winning swimmer says she could only talk about the issue because she stands on the shoulders of Olympic swimmers Michael Phelps and Allison Schmitt, who took the lead in breaking the silence.
The five-time gold medal-winning swimmer is already preparing for the next Summer Games. She trains for up to four hours in the pool every day and has to watch everything she eats, she told Cheddar Thursday.
The one-time Olympic gold medalist, who made history taking home a medal at this year's Games, told Cheddar that there's probably no way her body can "withstand another four years."
When former ESPN President John Skipper resigned in December, shockwaves rippled throughout the sports network. The Hollywood Reporter's James Andrew Miller broke details of the alleged cocaine extortion plot behind the scenes and joined Cheddar to discuss the channel's uncertain future.
One of Nike's top executives is stepping down over misconduct allegations. Airbnb is making it easier for people with disabilities to find rentals on its platform. We dive into the Theranos fraud scandal with the Wall Street Journal reporter who initially reported that something was off with the start-up blood testing company. And Tim Stenovec chats with Neil Patrick Harris about season two of his Netflix show "A Series of Unfortunate Events."
The Olympic gold medallist told Cheddar that, despite reports that the Winter Games had record low ratings, NBC was happy with the results. He said viewers have just changed how they access sports.
The fantasy sports platform is already building out a product that would allow sports betting, pending a decision from the Supreme Court, says DraftKings CEO Jason Robins.
Rex Tillerson is out as Secretary of State and CIA director Mike Pompeo is in. President Trump issued an executive order blocking Broadcom's hostile takeover bid for rival chipmaker Qualcomm. Olympic gold medalist and author Scott Hamilton joins us to talk about his figure skating career and his new book. Plus, Kristen Scholer sits down with Brooklyn Decker and Whitney Casey at SXSW to talk about their start-up Finery.
There is big money in college hoops. Jordan Schultz, Sports Analyst at Yahoo Sports, was with us to discuss the business of the NCAA.
Handstand is a fitness app that is making it easier than ever to work out with a personal trainer. And the female-founded app is also trying to change the way women and men view fitness.
