A New League’s Shot at the N.C.A.A.: $100,000 Salaries for High School Players

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A new basketball league backed by a sports media company is entering the intensifying debate over whether student-athletes should be paid, by starting a venture offering high school basketball players $100,000 salaries to skip college.

The league, Overtime Elite, formed under the auspices of the sports media company Overtime, would compete directly with the N.C.A.A. for the nation’s top high school boys by employing about 30 of them, who would circumvent the behemoth of college sports.
Overtime will offer each athlete, some as young as 16, a minimum of $100,000 annually, as well as a signing bonus and a small number of shares in Overtime’s larger business. The company will also provide health and disability insurance, and set aside $100,000 in college scholarship money for each player — in case any decide not to pursue basketball professionally.

The trade-off is major: The players who accept the deal will forfeit their ability to play high school or college basketball.

“People have been saying things need to change, and we are the ones changing it,” said Dan Porter, the chief executive of Overtime.

Overtime is diving into an argument that has roiled American sports for generations — whether it’s appropriate for pro sports leagues to lure young athletes out of high school and college with big checks, or for colleges to exploit the talents of athletes for big money without compensating them beyond attendance costs.

Since the 2006 draft, players have not been able to go directly to the N.B.A. after high school — they do not become eligible to be drafted until the year they turn 19 or at least one N.B.A. season after their high school graduation year.
For decades, the N.C.A.A.’s rules on amateurism, now under challenge in courts and in state legislatures, have held back a swell of money from flooding toward young elite athletes. The system has always had fissures, and they have grown in recent years as federal and state lawmakers and the N.C.A.A. have considered some changes to let athletes earn some more money.

You may not have ever heard of Overtime — especially if you are, say, over 30 — but if you are a sports fan you have almost certainly seen its videos.

If a crazy highlight or moment from a high school game floated across one of your social media feeds, it was probably filmed by Overtime. If you saw any dunks from Zion Williamson before he played for Duke, they were probably filmed by Overtime. The company says its videos are viewed almost two billion times each month.

Overtime, which was founded in 2016 and got an early investment from David Stern, the former N.B.A. commissioner, has made connections with young prospects by building its presence in high school gyms across the country, where filming rights are essentially free and the competition not nearly the same as the ever-shifting battle among media behemoths to televise college and professional sports.

Overtime’s videographers are recognized by the players. Laurence Marsach, more commonly known as Overtime Larry and the host of many Overtime videos, is highly popular among fans of youth basketball. The Overtime “O” logo is a stamp of approval online, with teens and tweens even throwing it up in the background of their videos.

The new league, Overtime Elite, most resembles soccer academies in Europe and elsewhere. The players, and possibly their families, will move to one city — Overtime says it is selecting between two choices — to live and train together. Overtime will hire education staffers to teach the athletes and help them get high school diplomas. A basketball operations division will include coaches and trainers and will be led by Brandon Williams, the former N.B.A. player who was also previously a front office executive for the Philadelphia 76ers and Sacramento Kings. The commissioner is Aaron Ryan, a former longtime N.B.A. league office executive.

No players have been signed yet — so as not to ruin their eligibility during the current high school basketball season. But Porter and Zack Weiner, Overtime’s president, are confident that many of the top players ages 16 to 18 will join.
“We think our system will be amazing for their basketball development,” Weiner said. “Will every single player make the N.B.A.? Maybe not every single one of them, but the large majority will become professionals.”


Read more - https://www.nytimes.com/2021/03/04/...-school-pay.html?referringSource=articleShare
 
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