You know this story is bound, at some point, to reignite a debate over whether players should be paid a stipend of sorts. Among the arguments in favor is that it would put the brakes on this kind of behavior; TMQ even said so today in his column, and that was before today's little bombshell came out.
I've never been in favor of paying players, as they already receive something that far exceeds the value of what is received by 100% of their fellow students: even academic scholarship types don't receive free health care. The arguments against the idea are extensive.
Still, as people come to realize how widespread the agent practice is after reading the Luchs article, they might be more in favor. I say the article is further proof that it would never work - stipends wouldn't shut off the flow of money one bit. Kanavis McGhee asked for $2,500 - that's well over $4,000 in today's money. A year's worth of stipends. Agents have bottomless pockets for this kind of stuff if they think they can snag a player. The only reason they only pay $5,000 is because the player doesn't ask for $10,000. Look at what was given to the UNC players:
The value of benefits received by Little was $4,952 while the value of benefits received by Quinn was $5,642, according to facts submitted by North Carolina.
Little received diamond earrings, travel accommodations in the Bahamas and Washington, D.C., and two trips to Miami. Quinn accepted two black diamond watches, a pair of matching earrings and travel accommodations for a trip to Miami.
Stipends are no match for black diamond watches and a trip to the Bahamas.