At college sports roundtable, Trump says 'whole educational system' could go out of business unless fixed
CBSN
President Trump predicted the destruction not just of college sports but the entire U.S. collegiate system unless the industry is fixed quickly — something some sports leaders who joined him Friday at a White House summit agreed could only happen by raising more money to pay players. In:
President Trump predicted the destruction not just of college sports but the entire U.S. collegiate system unless the industry is fixed quickly — something some sports leaders who joined him Friday at a White House summit agreed could only happen by raising more money to pay players.
Trump suggested he would write an "all-encompassing" executive order within a week in hopes it would spark action from Congress. He also said he expected the order to trigger a lawsuit that could put the issue back in front of the court system that approved industry-changing payments to players for their name, image and likeness.
The new system has left many schools drowning in red ink from paying players, while rules governing those payments are only slowly taking hold.
"The whole educational system is going to go out of business because of this," Trump explained, when asked why he was devoting time to college sports with the war in Iran and other issues dominating the headlines.
During the meeting in the East Room — which included lawmakers, conference commissioners, the president of the NCAA and CEO of the U.S. Olympic team, but none of the NCAA's 550,000 college athletes — Trump said, "I thought the system of scholarships was great." He was harkening to the recently ended era in which players received little to nothing beyond the financial aid.
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