Texas To Pay Student-Athletes $10,000 Per Year

Texas is set to pay its student-athletes $10,000 per year.

[UPDATE:]

Update: Texas is NOT proactively paying its players $10K/year. AD was asked what school would do IF NCAA lost O'Bannon.
— Darren Rovell (@darrenrovell) October 22, 2014

Told Texas AD Steve Patterson was posed the HYPOTHETICAL of what they would do if they were required to pay athletes. Not actually doing it.
— Darren Rovell (@darrenrovell) October 22, 2014

—–end of update—–

Score one for the many that believe student-athletes deserve to be compensated further than just athletic scholarships.

More from College Football

Texas announced Tuesday that they will begin paying student-athletes $10,000 per year, according to the Dallas Morning News.

"The University of Texas will spend nearly $6 million a year to comply with a string of recent legal rulings requiring colleges to be more generous to their scholarship athletesPatterson said UT won’t have problems paying the extra $6 million to its players. That money will break down to about $10,000 for each player. The money will cover college expenses that aren’t covered by a traditional full scholarship and give each player $5,000 in compensation for the university’s use of his image."

Texas is the first school to announce such changes and this is a great step in the direction for student-athletes being fairly compensated for the revenue they bring the NCAA and its schools.

Even more good news: it’s not just Texas that will soon be paying student-athletes.

"Colleges will soon be asked to do even more, and they ought to prepare for that, some on the panels argued. Former U.S. Rep. Tom McMillen of Maryland said colleges should brace for profound challenges to their business models in the near future.“We’re in for a period of dynamic change,” said McMillen, an All-America basketball player for the University of Maryland who also played for the United States in the 1972 Olympics in Munich. “The system has to change. The money needs to be handled differently.”"

It appears we’re about to enter a new era of college sports and one that should make every student-athlete excited for the future.

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