Charges of fraud and corruption were announced by the U.S. Attorney’s Office for the Southern District of New York, on Sept. 27, 2017. This may be the largest egregious charges brought against college sports in U.S. history.
An executive from Adidas, one sports agent, and at least four NCAA Division-I men’s basketball coaches were charged. They have been accused of being involved with encouraging top high school athletes to join the NCAA basketball programs, using incentives from Adidas.
Some collegiate athletes, as well as assistant coaches at the University of Arizona, Auburn University, Oklahoma State University, and the University of Southern California, were accused of accepting cash payments.
It may be confusing to believe such foul-play occurred in big-time college sports. However, there is a huge opportunity for corruption since the organizations that run colleges and their business partners make billions of dollars, meanwhile, denying the coaching staff an opportunity to earn appropriate compensation.
College athletics in the U.S. is an $11 billion industry. Nonetheless, the NCAA rules continue to prevent member colleges from compensating athletes under the guise of amateurism.
Written by Antwon Rogers
Edited by Cathy Milne
Source:
Forbes: Corruption Will Continue In NCAA College Basketball Until Schools Can Openly Pay Their Players
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