College sports is big business. According to The Wall Street Journal, three college football programs are worth over $1 billion: Texas, Ohio State and Alabama.
College sports have also made a number of people wealthy. The most obvious of these are coaches at Big Football schools. In 40 states, colleges coaches are the highest-paid public employees. After many years of debate, college athletes can make money on endorsements. Some of these will be worth millions of dollars.
Apart from how much a college football program is worth, a more direct calculation is how much money it makes. AthleticScholarships.net recently released a study titled “Top 20 Most Profitable College Football Programs.”
The list was topped by Texas at $92 million. The Texas Longhorns are the team of the University of Texas at Austin. The team has won over 900 games since inception and has a win/loss record of better than .700.
The team has been national champion four times, based on the AP poll: 1963, 1969, 1970 and 2005.
The University of Texas at Austin is huge. Founded in 1883, today it has a student body of over 50,000 and faculty and staff of over 24,000. It ranks 42nd among all colleges in the latest U.S. News rankings and 13th among public universities.
The university also has large baseball, golf, basketball, cross country, track, soccer, tennis, swimming and rowing programs.
These are the 20 most profitable college football programs:
- Texas ($92 million)
- Tennessee ($70 million)
- LSU ($58 million)
- Michigan ($56 million)
- Notre Dame ($54 million)
- Georgia ($50 million)
- Ohio State ($50 million)
- Oklahoma ($48 million)
- Auburn ($47 million)
- Alabama ($46 million)
- Oregon ($40 million)
- Florida State ($39 million)
- Arkansas ($38 million)
- Washington ($38 million)
- Florida ($37 million)
- Texas A&M ($37 million)
- Penn State ($36 million)
- Michigan State ($32 million)
- USC ($29 million)
- South Carolina ($28 million)
Click here to see the most valuable football teams.
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
