My Faith-Based Retirement. NYT business journalist Joe Nocera discusses being financially unable to retire.
The historian Taylor Branch, who in October published a lengthy excoriation of the N.C.A.A. in The Atlantic, comparing it to “the plantation,” was only the most recent voice to call for players to be paid. Like most such would-be reformers, however, he didn’t offer a way to go about it. That’s what I’m setting out to do here. Over the last few months, in consultation with sports economists, antitrust lawyers and reformers, I put together the outlines of what I believe to be a realistic plan to pay those who play football and men’s basketball in college. Although the approach may appear radical at first glance, that’s mainly because we’ve been brainwashed into believing that there’s something fundamentally wrong with rewarding college athletes with cold, hard cash. There isn’t. Paying football and basketball players will not ruin college sports or cause them to become “subcontractors.” Indeed, given the way big-time college sports are going, paying the players may be the only way to save them. - Joe Nocera, Let's Start Paying College Athletes [more inside]