Listen Now: Should College Athletes Be Paid? California Says “Maybe”
California athletes could start bringing home professional paychecks… and there are fans on both sides of this plan.
New legislation on Governor Newsome’s desk would allow athletes at California colleges to hire agents and sign endorsement deals. It would also require they be paid for the use of their names, images or likeness.
Under the law, California schools and the NCAA would not be able to ban athletes who take money. However athletes would be forbidden from signing any deals that conflicted with their college contracts.
Critics of the bill, including the NCAA, say this would lead to california schools being banned from competitions because of their unfair recruiting advantage. Supporters say college sports are a multibillion-dollar industry but its most visible labor force, the athlete, is not being compensated for their work.
Some athletes support the bill saying the current requirement to play at least one year in college means athletes are missing out on potential money. If the law passes, the NCAA says it will challenge it in court, and see who has the better team.
CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.
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