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August 30, 2017

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I agree with you, Jonathan, that publicly funded sports facilities are ridiculous (and the notion that they somehow serve as investments is risible). I'm not sure I'm with you on the funds expended on major college sports, though. For many of these schools, the sports are cash-flow-positive, as the green-shades say. This is wholly separate, however, from the point you make (with which I agree) that 'student'-athletes are basically indentured servants. Whether a school like Ohio State can still turn a profit after paying a fair wage to its football players is another matter entirely.

Hi Jonas,
Thanks for your note and your questioning. I think the evidence is that very few schools actually come out in the black financially. It's sort of like the belief in tax cuts--people keep saying they pay for themselves, and athletic directors keep insisting that athletic programs earn the green--but ask them to show transparent books and they suddenly look the other way. :) JW

Good point. I'm not as familiar with it, but I know the conventional wisdom is that these programs generate revenue than they expend. Regardless, to your original point, that is irrelevant if that revenue is generated unethically, or, at least, in an ethically questionable manner.

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