Re: College Football Players---Students or Employees?
I'd just say give up on the patina of academics entirely. Out here in SoCal, and I'm sure lots of other places, there are many corporate leagues (soccer, softball, beach volleyball, etc), where the nerds from Lockheed can really give the business to the dorks from Boeing. You could do the same thing among college employees, just with a slightly higher demand for tickets and TV rights. Just start up a new National Collegiate Corporate Football Association (NCCFA) to administer some basic eligibility rules (keep the 5 year eligibility, must be an employee of the university), and you're good to go. So long as you plow any "profits" back into the operation of the university, I don't see why you'd need to stand up a separate for-profit subsidiary. Universities are allowed to raise revenues in all sorts of ways - selling tickets, merchandise, and TV rights aren't that different from selling parking passes or charging library fines.i wonder if not-for-profit entities can have for-profit subsidiaries?
Have all the football players get reclassified as majoring in "professional sports developmental program" or some such thing, then have the football programs become the minor leagues. Minimal disruption of facilities, major tax headache though for the colleges.