Texas Longhorns

Turns out college football players are worth every penny of their athletic scholarships -- and much more.

A new analysis on the value of college football players suggests that those athletes are worth hundreds of thousands of dollars in revenue to their school every year. The valuations, which were put together by Business Insider, were determined by applying the NFL's revenue-sharing agreement with players to each college program's financial situation.

The NFL's collective bargaining agreement dictates that 47 percent of the league's revenues must be shared with players.

Business Insider then took the annual revenue of each college football program and isolated the 47 percent that would be allocated for football players, and divided that sum among 85 scholarship athletes.

The result? Many of the top football programs would owe each football player more than $300,000 in salary every year.

The highest earnings would be at Texas, where football players are worth, on average,$622,104 every year.

Second in line is Alabama, with player valuations of $525,241. Michigan was third, at $505,298.

Twelve other schools had player valuations higher than $315,000 annually. The average for all FBS schools was $149,569 -- well above the yearly tuition at any of those institutions.

Six programs have an average player valuation greater than the NFL's minimum salary for rookies. That means in a fair market, you'd almost certainly see some players opting for a higher college football salary than the one they'd get from the NFL.

The analysis doesn't take into consideration walk-on and non-scholarship athletes, but it offers a pretty interesting view of how colleges cash in on their football programs.

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College Football Financial Rankings, 2014


1. Ohio State

Buckeyes are valued at $1,127,580,000.


2. Michigan

Wolverines are valued at $999,130,000.


3. Texas

Longhorns are valued at $972,110,000.


4. Notre Dame

Fighting Irish are valued at $936,380,000.


5. Florida

Gators are valued at $815,420,000.


6. Oklahoma

Sooners are valued at $776,540,000.


7. Alabama

Crimson Tide is valued at $760,550,000.


8. Georgia

Bulldogs are valued at $710,900,000.


9. LSU

Tigers are valued at $659,180,000.


10. Nebraska

Cornhuskers are valued at $536,000,000.


11. Penn State

Nittany Lions are valued at $520,680,000.


12. Iowa

Hawkeyes are valued at $491,310,000.


13. Tennessee

Volunteers are valued at $437,120,000.


14. South Carolina

Gamecocks are valued at $421,980,000.


15. Washington

Huskies are valued at $418,560,000.


16. Wisconsin

Badgers are valued at $415,910,000.


17. Texas A&M

Aggies are valued at $382,140,000.


18. Oregon

Ducks are valued at $358,700,000.


19. Auburn

Tigers are valued at $340,350,000.


20. Arkansas

Razorbacks are valued at $327,750,000.


21. Florida State

Seminoles are valued at $325,740,000.


22. Oklahoma State

Cowboys are valued at $319,530,000.


23. Virginia Tech

Hokies are valued at $308,510,000.


24. USC

Trojans are valued at $303,570,000.


25. Texas Tech

Red Raiders are valued at $289,840,000.

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