WASHINGTON — President Trump wants “very powerful caps” to limit college athlete salaries so that universities won’t “go out of business.”
Trump told ESPN host Pat McAfee that he fears that “lesser” sports also are being scrapped due to the newly allowed practice of directly paying athletes, which has been allowed since July on top of name, image and likeness (NIL) sponsorships by companies and booster clubs permitted since 2021.
“It is a very serious problem because even football, when they give quarterbacks $12 million, $13 million, $14 million — I read a couple of them — and all of a sudden you’re going to see it’s going to be out of control, and even rich colleges are going to go bust,” Trump said in a Tuesday interview.
“They had the old way. They gave scholarships, and they did lots of good things. But there could be some form of payments, but… look, the NFL, and all of you know, all teams, they have caps. You don’t really have that in college sports,” the president said.
“When the guard comes along that weighs 350 pounds and he’s phenomenal, and they say, ‘That’s going to make the difference between having a great team and a lousy team’, and they give him $10 million — that’s going to start happening pretty soon — all of a sudden you’re going to have NFL-type payrolls.”
The reform allowing for direct payment of players by universities came through a court-approved settlement involving the NCAA, with an estimated initial annual cap of $20.5 million per player. Without changes, the salary cap is expected to rise to $33 million over the next decade, CBS Sports reported.
Trump, whose administration this year paused federal grants to prominent universities to force policy changes, added, “colleges don’t make that much money, even the most successful, so they’re not going to be able to do this. Bad things are going to happen unless they figure this out…
“And frankly, the college football, it’s very big. But as big as it is, if they don’t do some very powerful caps, these colleges are all going to go out of business no matter how rich they are.”
Trump floated Nick Saban, the retired longtime football coach at the University of Alabama, as a potential point person to lead a group to devise new salary caps.
“I don’t want to use any particular sport, because it’s, you know, degrading. But they are really terminating a lot of sports… you would call them lesser sports, but big sports, good sports, and sports where they have tremendous interest, they’re getting rid of them,” Trump added.
“A lot of the lesser sports are being totally terminated. You know that? It’s a shame. It was almost like a training ground for the Olympics, and a lot of those training grounds are being lost.”
On top of direct salaries, student athletes have for four years been able to reap millions from sponsorships — with the top earner currently Arch Manning, who is expected to be paid $6.8 million this year as a quarterback for the University of Texas at Austin for ad work with Red Bull, Uber and Warby Parker.
Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: nypost.com
