1reVOLver
Dicebamus hesterna die…
- Joined
- Dec 12, 2017
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Read this good summary before considering self-harm. The damage may be limited, and will certainly be making money for the
lawyers.
www.si.com
In short, the boffins of the NCAA, having failed to fix reffing or the catastrophic NIL and revenue sharing mess (Death to Amateurism!),
have decided that they know just precisely how much a European kid can earn before hopping across the pond to the good ole US of A where the sky’s the bloody limit.
Based on historical research—read the newspapers, beyond just the funnies—I give you most heartfelt assurances that they cannot spell, let alone define, PPP. Stands for Purchasing Power Parity, and contributes heavily to foreign exchange rates. So, for example, a big old Victorian house up coast in @Rooster1 territory—potatoes and not very many people—might go for say $275k, while a very similar home in Cornwall, England, Great Britain, might cost £1.5 million, or roughly $1.85 million USD. But, and it’s a biggie, UK wages are much, much higher in local currency, so the same sort of
workers who can buy the Maine home with US wages can afford the mortgage on the Brit heap with British wages.
Point is, the Charlie Bakers haven’t a clue about this stuff. They toss out a number, say €51,000 per annum, and if a kid got a euro more Kim Mulkey can’t buy them.
1. Dumb.
2. Invites litigation for, amongst other things, restraint of trade,
3. cost to monitor?
4. appeals process?
5. Abso-plucking-lutely invites and begs for retaliation by Euro leagues vs. American players.
Oh, did I mention how stupid it is?
lawyers.
New NCAA Eligibility Requirements Could Impact Top International Players
The guidance issued this month largely surrounds compensation and professional team involvement, but how it will be enforced is unclear.
In short, the boffins of the NCAA, having failed to fix reffing or the catastrophic NIL and revenue sharing mess (Death to Amateurism!),
have decided that they know just precisely how much a European kid can earn before hopping across the pond to the good ole US of A where the sky’s the bloody limit.
Based on historical research—read the newspapers, beyond just the funnies—I give you most heartfelt assurances that they cannot spell, let alone define, PPP. Stands for Purchasing Power Parity, and contributes heavily to foreign exchange rates. So, for example, a big old Victorian house up coast in @Rooster1 territory—potatoes and not very many people—might go for say $275k, while a very similar home in Cornwall, England, Great Britain, might cost £1.5 million, or roughly $1.85 million USD. But, and it’s a biggie, UK wages are much, much higher in local currency, so the same sort of
workers who can buy the Maine home with US wages can afford the mortgage on the Brit heap with British wages.
Point is, the Charlie Bakers haven’t a clue about this stuff. They toss out a number, say €51,000 per annum, and if a kid got a euro more Kim Mulkey can’t buy them.
1. Dumb.
2. Invites litigation for, amongst other things, restraint of trade,
3. cost to monitor?
4. appeals process?
5. Abso-plucking-lutely invites and begs for retaliation by Euro leagues vs. American players.
Oh, did I mention how stupid it is?
