Sports Law Blog
All things legal relating
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Monday, March 03, 2014
The Role of Fans
data over 33 million people played fantasy sports in 2013 and they generated well over $ 1 billion in revenue. For those interested in better understanding the role of fans in sports moving forward, I call your attention to two items:
1. Catalyzing Fans
[Editor's Note: This piece is currently being reviewed by law reviews and journals. If you are interested in publishing this article, please contact Professor Markel immediately and directly]
2. Fans Paying College Athletes
Last year, I authored an article for The Huffington Post titled "Time to Embrace Change in College Athletics." I wrote, in part, that:
"At some point in the not too distant future, the structure of college athletics as we know it will change. There are a multitude of possibilities of what this future world may look like -- and it may be far stranger than either George Orwell or Aldous Huxley could predict. Open markets and competitive bidding wars for high school players, salary caps for conferences, revenue sharing, agent representation and sponsorship deals for college athletes, and maybe even a student athlete union all within the realm of possibility."Introducing FanPay, the brainchild of Tony Klausing. Tony writes: "The idea is that fans would contribute to a pot of money to pay student athletes. This money is escrowed, then when the student graduates, he has the right to claim the funds--or else are refunded to the contributor in full." To see a beta of this website, check it out here. If you'd like to contact Tony directly with thoughts or comments, you can email him at: email@example.com.