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.
Chipotle announces a new CEO. Dominos and Tinder and teaming up for Valentine's Day. The Director of National Intelligence sounds the alarm on Russia and the midterms elections. Sarah Kauss is the CEO of water bottle company S'well. Her small idea has turned into one of the most successful female-run businesses. Legal technology platform CannaRegs is on a mission to make sense of the legal landscape of marijuana for stakeholders in this growing space. Vermont Governor Phil Scott is asking legislators in his state to speed up equal pay legislation.
After a snowmobile accident during a professional competition in 2008 resulted in the amputation of his leg, Mike Schultz knew there was only one thing to do: find a way to continue competing in the sport that he loves. Ten years later, Mike is now a first-time Team USA and Paralympic Snowboarder. Schultz joined us to share more about his story and what motivates him to get up and get started each day.
This Changes Things: Advice for the executives and leaders of tomorrow, brought to you by American Express OPEN. On Between Bells: Adam Rippon & The Official Johnny G. Weir win the Olympics. With SB Nation, UNO, PCMag, and more.
This is a big year for the Olympics, and in particular, for the LGBT community. The U.S. has its first two openly gay male athletes competing in the Winter Olympics.
The 2018 Winter Olympics are making history for a number of reasons, but one of the biggest stories out of Pyeongchang is the records that openly gay athletes are breaking almost every day. Figure skater Adam Rippon and freestyle skier Gus Kenworthy are the first openly gay men to compete for the U.S. in the Winter Olympics, and they are doing it in style.
Adam Rippon and Gus Kenworthy are the first openly gay men to compete for the U.S. at the Winter Olympics. But they're doing more than bringing home medals -- they might be changing the way America perceives the LGBT community.
On Between Bells: Infrastructure, budget, and John Kelly's future. Plus, major Olympic moments and the first Sports Illustrated Swimsuit issue of the #MeToo era. With The Young Turks, Rare Media, The Daily Caller, Royal Canin, and more.
First-time Team USA and Paralympic snowboarder Mike Schultz started out as a motorcross and snowmobile racer. But through developing his own prosthetic, he got into a new sport and was able to launch a new career.
One of the biggest global consumers goods companies, Unilever, is threatening to stop advertising on digital platforms like Facebook and Google if the companies don't clean up their acts. Snap's Vice President of sales has left the company. A new report finds Facebook is losing a younger audience. Dow closed up 400 points after the most volatile week in two years.
The 2018 Winter Olympics have officially begun. Here are the Olympians to keep an eye on.
