With all of the debate and controversy surrounding the NCAA and the payment of players lately, it’s no wonder a report like the one Business Insider recently published has come to light.
Whether it’s Johnny Manziel getting paid for autographs, Arian Foster getting money for rent and food, or the plethora of other stories and reports out there fueling the fire, the NCAA certainly has its hands full with this mess. However you feel about college athletes getting paid, Business Insider has come up with a formula to let you know how much these athletes are worth to their respective programs.
According to the report, they used “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.” Player values were based on the program revenues in 2012 which were published in another one of their articles.
Here is a portion of the list, with Texas leading the way at $578,000 per year.
2. Michigan $470,000
3. Alabama 453,000
4. Auburn 428,000
5. Georgia 416,000
6. Florida 412,000
7. Notre Dame 381,000
8. LSU 378,000
9. Penn State 365,000
10. Arkansas 353,000
So each player brings in that much money for the school, on average, per year. How much does a scholarship pay again? Yes it’s different everywhere, but still, quite the difference in terms of what the athlete is rewarded with compared to what the athlete brings in for the school.