College football is an enormous revenue generator for division 1 schools. Check any college football stadium on a Saturday afternoon for proof. 50,000 people multiplied by $30 a ticket multiplied by 12 Saturdays equals big money ($18 MM to be precise). At the end of the season teams get an enormous one time payout based on their bowl game.
Here are some numbers from an article written in 2006:
- Poinsettia Bowl –> $750,000 per team
- Pioneer Pure Vision Las Vegas Bowl –> $950,000 per team
- PetroSun Independence Bowl –> $1.1 million per team
- Pacific Life Holiday Bowl –> $2.2 million per team
- Outback Bowl –> $3 million per team
- BCS Championship Game –> $17 million per team
The insanity goes on and on. It is true that college scholarship athletes get a free ride through college, but at the end of the day they are getting a raw deal. No where else can someone generate such enormous cash flow and receive none of the profit. It is definitely time to share this money with the workers.
Do you agree or disagree?
Come down to the comments section and share your opinion.
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