9/13/2011: From Drexel University and the NCPA: Executive summary here, well worth reading it all. They compare what college players would earn in a competitive market, with what they earn under the NCAA hiring cartel:
5. Football players with the top 10 highest estimated fair market values are worth between $345k- $514k in 2009-10. The top spot was held by University of Texas football players. While 100% of these players received scholarships that left them living below the federal poverty line and with an average scholarship shortfall of $2841 in 2010-11, their coaches were paid an average of over $3.5 million each in 2010 excluding bonuses. (See Table 1.)
This hits home at UO with the story about how Nate Costa’s football injuries kept him off the Springfield police force. Some people make a lot of money off of college sports. Free cars too. Other people don’t. Why is that?