CBS: The 'Packet Racket' is making amateur basketball lucrative

BleedGopher

Well-known member
Joined
Nov 11, 2008
Messages
60,716
Reaction score
15,965
Points
113
per CBS:

The final five-day evaluation period of July ends Sunday afternoon, at which point college coaches who have spent most of this month on the recruiting trail will head home for what should, relatively speaking, be a quiet few weeks. Meantime, tournament organizers will walk away with piles of cash.

Just like always.

As East Tennessee State coach Steve Forbes' tweet from earlier this month shows, what happens on the summer circuit is often described as a "racket" because of how it turns amateur basketball into a money-making machine when event organizers force coaches to buy packets that often cost several hundred dollars each. And, yes, force is the right word to use. Because, in many cases, coaches are denied entry to events until they purchase what amounts to a small book of rosters that sometimes fails to even have accurate information.

It really is bananas.

Many prominent events charge between $250 and $400 for a packet. But, according to that list that's assembled by the NCAA, there is a man named Edward Butler who planned to charge Division I coaches $1,000 each to attend something called the League of Stars Pro Am at G.W. Carver High School in Birmingham, Ala., this month.

One. Thousand. Dollars. Each.

http://www.cbssports.com/college-ba...acket-is-making-amateur-basketball-lucrative/

Go Gophers!!
 




Top Bottom