By DAVID MOON, Moon Capital
Management September 15, 2002
Throughout today's newspaper are more than a dozen articles about the various
business aspects of University of Tennessee football. Professional
reporters from the Business and Sports sections have worked on these stories for
months, interviewing, researching and writing. Car dealers and furniture
stores have purchased thousands of dollars of advertising in today's paper,
hoping that as you read or peruse these articles (or spread them across the
bottom of your bird's cage or kitty box) you might be reminded that you need to
purchase a new sofa or pick-up truck. Hundreds of employees' paychecks
depend on the sale of those cars and couches; thousands more people manufacture,
market and ship them.
Phillip Fulmer's compensation package is greater than the salary of the
president of every publicly-traded company in east Tennessee, including Eastman
Chemical ' a company with manufacturing facilities in more than 17
countries.
Would someone from kindergarten or Oz please tell me again how college
football is an amateur activity? Amateur? The only folks for whom UT
football is amateur are the player/performers.
Before Michael Munoz was potty-trained or Randy Sanders had graduated from
high school, I was an offensive tackle at Tennessee. It was a fantastic
experience. I was a successful student (I made very good grades, anyway)
as both an undergraduate and graduate student. My diplomas say I graduated
with honors and I have some other trinket-ish tokens signifying academic
achievements that someone deemed significant in some way. I am not
bragging. I give you this information as background for this next
statement.
I came to Tennessee to play football.
Please don't kid yourself with the na've argument that the overgrown swift
man-boys whom so many worship on Saturdays are at Tennessee first to get a
degree. Conferring diplomas is one of the most visible functions on a
university, but it is not why Cedric Houston or Casey Clausen came to
Knoxville. I expect them both to earn degrees and be extremely successful
at whatever lifelong career(s) they pursue. But they came to this town at
this time to play football at Tennessee. You are living in a fantasy world
if you think otherwise. I can just imagine 12-year old Casey sitting at
the dinner table in Northridge, California: 'Mom, when I get out of high school,
I want to get a sociology degree from the University of Tennessee in Knoxville.'
So many of the Vol faithful are accepting of every commercial aspect of the
football business - except as it relates to the players. Everyone has
their reasons: Most cling to some quaint, Norman Rockwell-ian notion about the
purity of amateur college athletics. Some more practical arguments involve
the application and practicality of paying the performers. Others consider
football no more than a circus: as long as you feed and house the animals, the
show will go on. Adhering to NCAA rules is a very weak argument. I
am certain God neither created nor ordained the NCAA. (I am not so certain
about the devil's role.)
My years at UT were incredibly formative and instructional. Phillip
Fulmer was my father, mother, employer and inspiration for four years ' four
years that laid the groundwork for the rest of my life. Like many others
in his profession (but not all, trust me), he is a good, caring person and an
exemplary teacher and builder of young men. But the honor of having the
experience is not fair compensation for the services today's players
provide. Neither are the cartel-imposed 'wages' of a scholarship.
If you are liberal, you must logically support the players' right to organize
and collectively negotiate for benefits, working conditions and wages. If
your politics lean conservative, you must believe that every individual has the
right to earn the value of his efforts ' a value determined by unfettered
participants in a free market, not a group of administrators concerned about
protecting their monopoly.
Either way, we ought to pay the players. After all, it is
business.
David Moon is president of Moon Capital Management, a
Knoxville-based investment management firm. This article
originally appeared in the News Sentinel (Knoxville, TN).
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