Value of a scholarship. The value of a baccalaureate degree is generally substantial. See, e.g.,…

Value of a scholarship. The value of a baccalaureate degree
is generally substantial. See, e.g.,
http://www.bls.gov/careeroutlook/2014/data-on-display/education-still-pays.htm
for a recent article indicating that the median weekly income for a high school
graduate is $651 and $1,108 for a graduate with a bachelor’s degree. If the
NCAA became a minor league for the NFL and NBA, is it likely that most
student-athletes would receive: 1) more compensation; 2) compensation at
essentially the same level (with dollars being paid in cash compensation rather
than as scholarships covering educational and living expenses); or 3) less
valuable compensation? In allocating its limited resources, should the NCAA
focus on increasing student-athletes graduation rates, particularly for FBS
football players and Division I men’s basketball players (as it has of late),
or on increasing non-educational related compensation? What are the
corresponding effects of either objective on athletes and its member
institutions?

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