We frequently hear arguments these days that college football players should be paid. And just how much is the average football player worth to his university? The numbers will amaze you.
Business Insider reports:
Fair Market Value1 was calculated for each of the 25 football programs that generated the most revenue in 2012. Using the NFL’s most recent collective bargaining agreement in which the players receive a minimum of 47% of all revenue, we then divided that value by the 85 scholarship players.
Using this method we can estimate that the average college football player at the University of Texas is worth $578,000 per year. Now consider that in 2010-11, Texas spent $3.2 million on scholarships for football players, just 3.2% of all revenue, or about $37,600 per scholarship player.
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