This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

A College Football Union? Bad Call, Ref!

Stocks in this article: AMZN

NEW YORK (TheStreet) -- Congratulations Peter Ohr! Now people know who the hell you are.

Now go away and take your misinformed, convoluted and ridiculous ruling with you.

For those on the sidelines, Ohr is a regional director at the National Labor Relations Board and the NLRB ruled Wednesday that football players at Northwestern University could form a union. 

Ohr, you're wrong. Football players are not "employees" at these universities, they don't "work" 50 to 60 hours a week and are not told when to sleep and eat by their coaches. 

Practice time is limited to 20 hours a week, mandated by the NCAA. There is film study and other preparations that require time beyond that 20 hours, sure, but it's not 30 to 40 hours. To suggest otherwise is quite ridiculous.

Ohr has been sucked into a trap many have fallen into before. College sports is some sort of profit-making machine where everyone gets rich except the players. It's a false claim, plain and simple. 

The large majority of college athletic programs lose money, despite strong revenue from football and basketball. Costs, including tuition, keep it from operating at a profit. It's like Amazon (AMZN) -- amazing, but not a money maker. Surprised?

Only eight athletics programs at public universities broke even or had net operating income on athletics each year from 2005-2009, according to data provided by USA Today to the Knight Commission on Intercollegiate Athletics. Private schools don't fair any better.

Do many football teams turn a profit? Yes, absolutely, but that profit supports other programs that don't, from men's baseball to women's volleyball. If you separate money-making programs from those that don't, you have a problem, several problems in fact.

Thanks to Title IX, an overwhelming success that has had implications many don't realize, college athletic programs are flush with programs that burn cash like firewood. 

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,588.18 +231.31 1.33%
S&P 500 2,040.08 +27.19 1.35%
NASDAQ 4,709.6520 +65.34 1.41%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs