TEMPE — In the middle of a fairly serious discussion about the future of college athletics, Desireé Reed-Francois dropped a “Friends” reference.
“What is this FICA that they’re seeking?” the UA athletic director quipped during a special Arizona Board of Regents meeting Thursday.
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Michael Lev is a senior writer/columnist for the Arizona Daily Star, Tucson.com and The Wildcaster.
Reed-Francois was talking about the importance of financial literacy — educating student-athletes on how to handle the money they’re going to receive via revenue-sharing, likely starting in the fall of 2025.
The reference was to the “Friends” episode in which Rachel receives her first paycheck from Central Perk. She’s extremely excited about it — until she opens the envelope.
“Who’s FICA?” she wonders. “Why’s he getting all my money?”
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Arizona athletic director Desireé Reed-Francois speaks during an ABOR meeting June 6 in Tempe.
It’s a well-constructed scene in which the other characters look at Rachel’s check and assure her that she’s doing just fine. Then comes the punch line: They pull out their wallets to give her tips.
Student-athletes ranging in age from 17 to their mid-20s are about to experience something like this. Will their income from revenue-sharing be taxed by the federal government? Probably. Welcome to the real world.
Rachel has an actual job. She works as a waitress for Central Perk. It is her employer at that point in the show.
The people who run college athletics don’t seem ready or willing to go that far. There’s no appetite to make student-athletes employees — even though doing so could benefit their “bosses.”
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Members of the Arizona softball team band together before a home matchup against former Pac-12 foe Washington at Hillenbrand Stadium on the UA campus on April 2, 2022.
That topic came up earlier as the ABOR Strategic Initiatives and Planning Committee heard Big 12 commissioner Brett Yormark and others discuss “the dynamics surrounding the professionalization of college athletes.” ABOR chair Cecilia Mata wondered whether student-athletes would be considered employees in this new world — a logical question given the theme of the presentation.
![Big 12 commissioner Brett Yormark | June 6, 2024 | Tempe, Arizona](https://bloximages.chicago2.vip.townnews.com/tucson.com/content/tncms/assets/v3/editorial/2/c6/2c62735c-245a-11ef-b265-1fe20e212486/6662423e334b1.image.jpg?resize=200%2C133 200w, https://bloximages.chicago2.vip.townnews.com/tucson.com/content/tncms/assets/v3/editorial/2/c6/2c62735c-245a-11ef-b265-1fe20e212486/6662423e334b1.image.jpg?resize=300%2C199 300w, https://bloximages.chicago2.vip.townnews.com/tucson.com/content/tncms/assets/v3/editorial/2/c6/2c62735c-245a-11ef-b265-1fe20e212486/6662423e334b1.image.jpg?resize=400%2C265 400w, https://bloximages.chicago2.vip.townnews.com/tucson.com/content/tncms/assets/v3/editorial/2/c6/2c62735c-245a-11ef-b265-1fe20e212486/6662423e334b1.image.jpg?resize=540%2C358 540w, https://bloximages.chicago2.vip.townnews.com/tucson.com/content/tncms/assets/v3/editorial/2/c6/2c62735c-245a-11ef-b265-1fe20e212486/6662423e334b1.image.jpg?resize=750%2C498 750w, https://bloximages.chicago2.vip.townnews.com/tucson.com/content/tncms/assets/v3/editorial/2/c6/2c62735c-245a-11ef-b265-1fe20e212486/6662423e334b1.image.jpg?resize=1200%2C796 1200w, https://bloximages.chicago2.vip.townnews.com/tucson.com/content/tncms/assets/v3/editorial/2/c6/2c62735c-245a-11ef-b265-1fe20e212486/6662423e334b1.image.jpg?resize=1700%2C1128 1700w)
Big 12 commissioner Brett Yormark speaks to the Arizona Board of Regents Thursday in Tempe, detailing the conference’s objectives and how it fits into the rapidly evolving world of college athletics.
“I don’t have a crystal ball on that,” Yormark said. “But I will say a couple of things. There’s never been a better time than right now to be a student-athlete. ... And I’m a firm believer that with enhanced benefits, you can treat them like employees but they don’t need to be classified as employees.”
Wow. Talk about threading a needle.
Although Yormark’s view undoubtedly reflects collegiate leadership as a whole, I’m not sure he should have said the quiet part out loud. Lawyers, as always, are standing by.
Anyway ... Yormark continued:
“Because classifying them as employees comes with a lot of nuances that I’m not sure they are even aware of. And at least when I go on campus and I meet with our student-athletes — because I love to engage with our student-athletes — I’ve never heard from a single student-athlete that they want to be an employee.”
If you don’t have to, there’s no reason to rush into employment — i.e., adulthood. Put it off as long as you can, kids. Enjoy the time before car payments and credit-card bills while you still can.
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Arizona Wildcats forward Isis Beh, center, is hugged by forward Esmery Martinez as Helena Pueyo, left, looks on after UA’s win over Washington on Feb. 18. The teams meet again Wednesday in the Pac-12 Tournament in Las Vegas.
Don’t get me wrong: I love my job. I’m one of the lucky ones in that regard, and I’ll never take it for granted.
That doesn’t mean I don’t look back wistfully on those relatively carefree college days. Don’t we all?
That time is finite (although with the COVID year and subsequent rulings about eligibility I’m not sure that’s the case anymore). Non-athletic professional careers can last half a century.
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Arizona baseball players gather for a pregame huddle in right field before facing off against Miami at the Men's College World Series on June 18, 2016 in Omaha, Nebraska.
When it comes to student-athletes, employment also might fall under the category of “be careful what you wish for.”
As it stands now, student-athletes have a great deal. Many receive full scholarships and will never have to pay back student loans. Any can benefit from their name, image and likeness. With transfer restrictions almost entirely eliminated, they have access to unfettered free agency.
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The Arizona Board of Regents heard from college leaders Thursday about the future of athletics amid major changes in the industry. Seated at the front, from left to right: Arizona athletic director Desiree Reed-Francois, Big 12 commissioner Brett Yormark and ASU athletic director Graham Rossini.
Regent Gregg Brewster expressed concern about the latter, in particular its potential impact on academics. Yormark said revenue-sharing and NIL license agreements — i.e., bringing them in-house — could make transferring “more sticky” and could “help discourage the type of movement” that goes on today in the portal.
“I can get on both sides of it,” Yormark said. “But when it starts to compromise the academic progress of our student-athletes, I do think we need to take a look at it and see if there’s a way to better manage it.”
One way would be a collective-bargaining agreement. Every notable professional sports league has one. Like FICA, it comes with the job when it actually becomes a job.
The initial impression here is that such an arrangement would benefit management, as is often the case.
With collective bargaining comes the possibility of reining in the freedom of movement that student-athletes currently enjoy. What if letters of intent were instead binding, multiyear employment contracts? What if signing an NIL deal bound you to the school you were attending at the time? What if, at any point, you could get fired?
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Arizona coach Tommy Lloyd (center, white shirt) and his 2023-24 Wildcats share a moment together during an on-court workout at the Sylvan Adams Sports Center of the Jerusalem International YMCA in Israel during the UA men's basketball program's August 2023 international tour to the Middle East.
You know who’d love a CBA? Coaches. The transfer portal and NIL haven’t hurt the product as much as many would have you believe, if at all. But it’s made coaches’ lives much more stressful. They’re constantly having to re-recruit their own players lest they be poached by deeper-pocketed rivals.
Would fans be happy about such a development? For the most part, yes. It can be extremely frustrating to invest in a player — emotionally, not financially — from the time they were a recruit only to have them transfer a year or two after enrolling. The term is “Wildcat for Life,” not “Wildcat for Three Semesters.”
Unless you believe that repeated transferring is bad for student-athletes — Brewster made that argument; I could too — a CBA wouldn’t necessarily benefit them. More likely than not, it would impose restrictions on movement and money-making opportunities that the plaintiffs in these court cases have fought so hard to lift.
The way this appears to be heading, student-athletes will retain the ability to transfer as often as they want while getting a chunk of athletic-department revenue on top of scholarships and whatever they can earn in the NIL space.
You can’t make that in tips, no matter how expertly you prepare a cappuccino.
Big 12 commissioner Brett Yormark, UA athletic director Desireé Reed-Francois and ASU AD Graham Rossini discuss the seismic changes coming to college sports in a meeting with the Arizona Board of Regents.
Pac-12 Hotline: The last sentence of the final slide of Big 12 commissioner Brett Yormark's presentation Thursday in Tempe to the Arizona Board of Regents resonated loudly in imploring the regents, and U of A and ASU, to continue to invest in college athletics.