Basic Premise: Football and Men's Basketball players create revenue, but do not necessarily receive proportionate compensation or at least have no control over the compensation (other than to take it or leave it). Almost every other sport is supported by the revenue brought in by these sports or by student athletic fees or both and yields no revenue.
Solution: Football and Men's Basketball become a Minor League where the University acts as the franchise owner. The teams still "represent" the university (play in the campus arena, etc), but the players, coaches, marketing people, event staff, etc are employees and are compensated in a way similar to any other Minor-League model. They are not required to be students at the school (but may take classes as part of their compensation package if they wish).
Most or all of the profits would be eaten up by the player salaries and operating costs, so the other sports become non-scholarship--basically the Division 3 model.
Advantages: 1) No more student-athlete hypocrisy. 2) No more athlete exploitation. 3) If the leagues adopt revenue sharing/collective bargaining/Salary Structure, should produce more parity.
I anticipate that many will argue that huge numbers of athletic scholarship opportunities will be lost for those in other sports. My view is so what? Millions of non-athlete students want to go to college and have to get either need-based aid, merit aid, or self-pay.
Discuss