Which Programs in College Football brings in the Money?
Football has long been America’s most popular sport.
While baseball is the American pastime and holds a special place in the hearts of sports fans, it has yet to surpass football in terms of either broad appeal or revenues especially now with the 2010 NCAA college football season just around the corner.
Nor is the National Football League the only beneficiary of football’s enduring popularity. Indeed, in parts of the country with unsuccessful NFL teams (or no NFL teams), college football is just as popular – and just as lucrative. Likewise, an accomplished head coach at a prestigious college program can easily command several million dollars per year in salary, and the football teams themselves figure prominently in the entire cost structure of their universities.
So what are these teams you ask?
Let’s start with the Notre Dame Fighting Irish. Valued at $108 million and boasting profits of $38 million – the Fighting Irish have long been one of the most widely followed teams in NCAA football. Seven Heisman Trophy winners have played for Notre Dame, as well as 95 consensus All-Americans.
Furthermore, Notre Dame Stadium (where the team plays its home games) seats more people than some NFL stadiums do – 80,795 at last count. The team has also won eight national championships, and owes much of its current value to consistently being a contender year in and year out.
Another highly valued NCAA football team with a rich history is the Penn State Nittany Lions, said by ESPN to be the most valuable team in the NCAA’s Big Ten conference. ESPN reports that Penn State’s “team value is $99 million, and the program makes a profit of $50 million.” Its ranking as the third most valuable NCAA football team is a ten spot leap for Penn State from the last time rankings were compiled. Coached by the legendary Joe Paterno (who earns roughly $1.5 million per season), Penn State figures to continue its run as one of the most prosperous college football teams in the country for quite some time.
One might think that it seems strange to see a Nebraska team rank so high on this list. A state which sells t-shirts that proudly exclaim “Nebraska – We Got Nothin” doesn’t exactly smack of athletic excellence or acclaim. However, the Cornhuskers are actually the fourth most valuable college football team in America, turning a $49 million profit on a $93 million total value.
Loyalty is also alive and well at the school. According to Forbes, “donations required by Nebraska for season ticket holders to keep their seats totaled $15 million last season.” Head coach Bo Pelini is the 25th highest paid coach in college football, earning just a shade over $1.8 million per season.
The Florida Gators are the sixth most valuable college football team as judged by Forbes’ rankings. Valued at $88 million, the Gators turned a $41 million profit season while fans of the team “shelled out a total of $145,000″ for the right to inscribe their names on the brick pathway leading up to the team’s 88,548 seat Ben Hill Griffin Stadium.
If you’re wondering what could possible inspire such passionate devotion in a team’s fans, it is nothing more than an undisputed legacy of winning. The Gators have won three national championships, eight Southeastern Conference Championships, produced 138 All-Americans, thirty-eight first round NFL draft picks and three Heisman Trophy winners, en route to being one of the winningest college teams since 1990. Head coach Urban Meyer is the third highest paid coach in the NCAA at $4 million per season.
Which team will win the 2011 BCS National Championship? Bodog sportsbook has the odds.
Alabama Crimson Tide 4.00
Texas Longhorns 16.00
Florida Gators 19.00
USC Trojans 13.00
Want more odds? Visit Bodog sportsbook for more NCAA college football betting odds. Want to watch college football live? Get college football tickets online now.
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