Subscribe to Our Mailing List. Receive the Latest Events, News, Jobs, and Top Community Economic Development Stories Like this one Click Here | Reach up to 1.3 million people Promote
Discover How New NCAA Ruling Will
Economically Boost Blacks In College Sports
|The Florida State Seminoles and Georgia Tech Yellow Jackets during the 2014 ACC Championship Game Picture Courtesy Wikipedia | By Thomson200 - Own work, CC0,|
Written By Award Winning Entrepreneur Chuck Starks
The latest NCAA Ruling (backed by the Supreme Court) that allows student athletes to receive money for their image and likeness will change the financial prospects of many Black families in America within a very short period of time.
Since students can get paid directly from sponsors, schools and others, that income will translate into an increase in the median net worth of Black people as a whole.
Most Black families have one or more athletes in their family.
Sports is what we do.
Black Americans are the best in the world and we excel in sports at a younger age. I estimate that students as young as 12 years old will start receiving a monthly sponsorship (income) from schools, major sporting goods companies (Nike, New Balance, Adidas, etc.) as well as money from sports agents who will pay them for a first-right-of-refusal to represent them in the future if they go pro.