Daymond John appeared on TMZ Live Friday and showed his disdain for the NCAA Tournament with what he stated about the popular games. The Shark Tank star called it “modern-day slavery.”
TMZ Live hosts Harvey Levin and Charles Latibeaudiere then asked John to elaborate on what he said and he brought up the NCAA’s TV deal with CBS and Turner, saying, it was $850 billion in 2021 alone.
John went on to add that once you factor in the money made from gambling, merchandise, and alum donations, it only widens the gap between the schools and its athletes, whom he said, “make nothing, zero off of all that,” adding, “I think this is modern-day slavery and they’re just giving them a little bit of a crumb.”
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John says there are tons of people making millions off these kids, but the pplayers aren’t seeing those numbers at all.
“These players are bringing in billions of dollars and making absolutely zero,” he said. “It is really, I think, what business model do you know that makes billions of dollars and pays their employees zero?”
John said he believes at some point, the NCAA and schools themselves should be the ones who put cash in players’ pockets.
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