The Free Market is Going to School, And We should All Be Worried
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| (Auburn Quarterback Cam Newton; students no longer use sports as a means to attend school, many now use school as a means to play sports.) |
There's a black market for athletes in college sports. Auburn Tigers quarterback Cam Newton is the current star of college football and is in the conversation to win the sport's top individual honor, the Heisman trophy. There's just one problem. He's embroiled in an unfolding scandal of allegations that he or those around him solicited large sums of money, in violation of the NCAA's longstanding policy that prohibits college athletes getting paid or accepting favors. If Newton were alone his problems would be little more than an unfortunate scandal. However in late summer, Super Bowl champion and New Orleans Saints RB Reggie Bush was forced to give back his 2005 Heisman trophy after it was revealed he accepted money and gifts when he was a college athlete at the then National Champion USC Trojans. In fact, during the summer of 2010 the NCAA opened an embarrassing amount of investigations into a score of collegiate football programs citing similar cases of student athletes being paid. Whether they want to admit it or not, college sports has a crisis on its hands. It's because of that crisis that American institutions of higher learning are probably about to become beacons of free market capitalism. Which will be a crisis in and of itself.
