I am a loan originator. If I gave the local basketball star a loan that another joe blow college student with the same current financial situation couldn't get, then I would be out of a job.
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- Thread starter SoapyCy
- Start date
Are you also an athlete? If not, then you've just proven it is open to regular students. If you are, were other students who were non-athletes able to apply and were considered? If yes, then it's still open to regular students. You being top of your class doesn't mean you aren't a regular student.
You are talking about two totally different things. You are talking about paying players to go to a certain school. I am talking about an agent giving out a loan to a player simply because he needs money . These things will continue to happen regardless, so why not try to make it legal and monitor it. If you make agents go through a process to register and get certified. Make them report all loans and financials to the NCAA and who the represent. What is the problem? Nothing.
You think Monte Morris should get in trouble if say his family in Flint and can't drink the water so let's say they want to move out of flint but can't afford moving costs. Morris asks his agent for $1000 loan for moving expenses. What is wrong with this?
Nothing is stopping you from doing that or _____ player from accepting it.
It would be illegal though, according to the NCAA.
Yeah I’m well aware of that. You should probably mention that rule to the NCAA tho.
I don’t think these loans were a “need” basis. Probably more of a “I’ll do this thing for you now and you might pay me back some of it later when you have money to live the lifestyle you want to live”. The players were probably sending it back home or spending it on things unrelated to school.
2 different things that easily merge into 1 if you allow the first thing.
Every college athlete is going to tell you they need money.
Agents do have to register and be certified.
You don't think an agent can give a loan off the books and not report it? If you think this you live in a shell.
You understand that a "loan" can mean several different things right? This would be so easy to manipulate. Here's a scenario.
Agent wants you to go to a certain school he has a relationship with. He offers to give you a $50,000.00 loan. No interest. No monthly payment. Balloon payment in 10 years, with the agent at all times retaining the ability to forgive the loan. You sign with him, the loan is forgiven. You don't sign with him, its a no interest loan, and I imagine your new agent will pick up the tab. Your basically having money held over your head to effect your decision making process. You don't see how that can effect competition?
Never thought I would see the day that you defended a Hawkeye/Jayhawk hybrid...big steps for you.
I think the problem comes when the kid is beholden to an agent or a booster.
What happens if the kid get hurt and doesn't get to go pro? Do they get a loan shark put on them?
What happens when this booster wants them to shave some points or they will get them kicked out of college or worse?
What happens if the kid get hurt and doesn't get to go pro? Do they get a loan shark put on them?
What happens when this booster wants them to shave some points or they will get them kicked out of college or worse?
I wasn't, David is a moron and I disagree with him I just found an opportunity to poke fun at you and jumped on it
Not every athlete is on a full scholarship - pretty much only Football and Basketball. And even for those that are it doesn't necessarily cover their full cost of living for the entire year.
This regular student thing isn't a rule. I don't know where people are getting this. If an agent wanted to give a regular student money, he could take it.
It's similar to the problem of letting college kids sell autographs. Some booster can decide to give them $5K for an autograph and if they are in charge of their likeness, then that's ok. Who's stop them from doing this as a payment for going to the school they want them to?
Another problem with letting them have summer jobs. Remember the OU quarterback who had a job at a local car dealership? He got to drive around anew car and didn't work any hours for them, but they put in a time card for him and payed him.
Another problem with letting them have summer jobs. Remember the OU quarterback who had a job at a local car dealership? He got to drive around anew car and didn't work any hours for them, but they put in a time card for him and payed him.
here is a good article from a former agent.
https://www.si.com/more-sports/2012/03/20/josh-luchsbook
