Are big time collegiate athletes already being compensated?

This time of year brings you basketball play-offs, hockey play-offs, the start of the baseball season and the all important NFL draft. The NFL labor agreement has many college athletes in this years draft unsure of their financial future. A big question still being asked is, should college athletes get paid for amateur athletics? An interesting article at USAToday.com led to the question, are these college athletes already being compensated? A USA Today financial analysis determined that college athletes can earn as much as 120,000 annually in goods, services and future earnings for his athletic work. They break it down in the categories of tuition, room and board, coaching, medical insurance premiums, game tickets and in some cases future earnings. Now these numbers vary because most athletes do not end up playing professional sports but still can take advantage of a free education from a prestigious school. We all know how expensive health care is and these athletes get top treatment. For the players who do go pro, they are getting some of the best coaching at the collegiate level and then the opportunity to earn on the professional level. Throw in the general promotion a kid gets from nationally televised games, along with all the sneakers and equipment you can use and it does start to add up. I've always been a proponent of college athletes getting paid because these schools do make a killing off of certain players who do not get directly compensated. These schools could put money made from a specific jersey they sell or making a bowl game, in a trust fund for such players to utilize once they have completed their collegiate careers. With that being said and as someone who had to pay for his own under-graduate degree,  these college players are still being compensated very well for a 17 or 18 year old.

Berkowitz, Steve & Wiener, Jay (2011). What players get. Retrieved from www.USAtoday.com on 5/3/11