More than 300 college football and men’s basketball players from five schools sent a petition to the NCAA last week lobbying for a share of the estimated $775 million of new revenue generated annually by television contracts.
If they end up getting their way, future college athletes could have thousands of reasons to be thankful.
The players asked the NCAA to set aside an unspecified amount of money from new TV revenues each year and put it into an “educational lockbox” for football and men’s basketball players. The players could only access the lockbox money once they graduate or once their athletic eligibility had expired.
It’s worth stressing this point: The “lockbox” concept would