Shark Tank star Daymond John is not really a fan of the NCAA. His stance on this year’s NCAA tournament is not as shocking given the business perspective of it. He firmly believes players aren’t getting paid as much as they should have.
The 53-year-old founder of FUBU said the NCAA tournament is “horrible” and considers it “modern-day slavery.” He joined TMZ live on Friday and elaborated on his issue with NCAA.
“The players make nothing! Zero off of all that,” John said. “I think this is modern-day slavery and they’re just giving them a little bit of a crumb.”
John explained players are getting a raw deal in this huge event. He pointed out there are several people involved in this tournament that are making millions if not billions, yet players aren’t even getting a fraction of that amount.
“These players are bringing in billions of dollars and making absolutely zero,” he said. “It is really, I think, what business model do you know that makes billions of dollars and pays their employees zero?,” John added
John did acknowledge that players are provided with scholarships and have the ability to get paid from NIL deals, but he made it clear that it is nowhere near enough of what they deserve. He wants NCAA and schools themselves to put cash in players’ pockets.
What’s your take on this story? Let us know in the comments below!