How much money could college football players make if they were to play in a free market system?
According to Business Insider, the numbers are staggering, especially at Texas.
Using football programs’ revenue data provided by the Department of Education and the NFL’s most recent collective bargaining agreement, Business Insider estimates that the “Fair Market Value” for an average Texas football player is $671,173.
Using this method, we can estimate that the average college football player at the University of Texas is worth $671,173 per year (up from $622,104 last year) based on the program’s $121.4 million in annual football revenue. That is more than $130,000 ahead of any other school, with the University of Alabama second, at $536,485 per year.
Other schools in the top five are Tennessee ($521,854), Michigan ($487,979) and Auburn ($479,634). Oklahoma ($435,372) was the only Big 12 school other than Texas listed in the top 20.
The figures are based on the NFL’s agreement that says players receive a minimum of 47 percent of all revenue. Schools’ annual football revenue was split evenly between 85 scholarship players.
Business Insider estimated that the average Division I FBS player is worth $163,869.
— Business Insider (@businessinsider) October 19, 2016
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