I am of two minds about this.
On the one hand, I agree with you that the student/athlete is there for a (free) education.
On the other hand, the fact is that the labor of these kids is being used to make billions of dollars for other people. "All" they are currently getting out of it is the education. Shouldn't they be able to capitalize on their talents and labor?
Like I said, I'm of two minds.
I wonder what the numbers would look like if you took the hours that the athletes "work" on their sport for the university, multiplied it by the minimum wage, and then subtracted the cost of their education, room, board, etc. Would there be a surplus or a deficit? It'd be interesting to see the numbers.
I've grown tired of this argument that "the kids" are being "used". They're not. They (and their parents and/or legal guardians) know full well the situation, and they willing choose to go down that path.
Oh, hell no, "the kids" are not being "used". They're receiving a tuition-free education
and (in most circumstances) being treated like gods in the process. Do they work hard? Absolutely! Do they sustain injuries as a result of the games they play? Well, yes, sometimes. But, let's be clear: the Purdue football players aren't going to be boarding a broken down bus to head to California to play in a bowl game, Pastor! They won't be staying in the Motel 6 with the commoners, nor will they be dining on Ramen noodles, peanut butter and soda crackers.
And if you're looking for imputed value, you'll need to take the present value of that education which costs tens of thousands of dollars a year (plus!), along with the multiple contacts (i.e., the network these guys can develop), and find some way to put that in your equation. In other words, there's no way you can begin to put a price tag on the tremendous value they're presented with. There's no way to assign the astronomical dollar value to a Purdue (or Northwestern, or pick-your-school) education these lucky few are receiving.
Pardon me, but I'm going to be blunt and very direct . . . It's lunacy for players or fans to suggest, imply, or even word an argument that leads a reader to infer that these guys are somehow being shafted and might be due some form of compensation. (No, you didn't come out and say that.)
Minimum wage?! BALDERDASH.
Tying a coach's contract to a student/athlete's free ride is completely irrelevant, and lacking in common sense. IMHO, of course.
Apologies up front to those that are hurt or offended by this. There wasn't anything wrong with the same system 40-50 years ago that generated profits for public and private schools, and the same is true today. The only difference is the numbers .