The NCAA has been described as a cartel that gives university athletic departments monopoly power to exploit college athletes We can compare college sport to professional sport estimate the value of athletes in revenue generating sports For example, to estimate the value of college football players we can use professional football as a guide If 48 of team revenues are shared with players in the NFL, we can assume that is what college players would be worth too So to estimate a scholarship players worth we can use this equation Average value Football team revenues x 0 48 Number of players on scholarship In 2019 University of Florida earned $87,450,485 in football revenues and there were 78 scholarship athletes Calculate the average value of University of Florida scholarship athletes on the team (4 points) In 2019 Florida State University earned $71,500,000 in football revenues and there were 84 scholarship athletes on the team Calculate the average value of Florida State University scholarship athletes (4 points) Using MRP, give two reasons why University of Florida football players were more valuable in 2019 than Florida State University football players (4 points)

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The NCAA has been described as a cartel that gives university athletic departments monopoly power to exploit college athletes. We can compare college sport to

The NCAA has been described as a cartel that gives university athletic departments monopoly power to exploit college athletes. We can compare college sport to professional sport estimate the value of athletes in revenue generating sports. For example, to estimate the value of college football players we can use professional football as a guide: If 48% of team revenues are shared with players in the NFL, we can assume that is what college players would be worth too. So to estimate a scholarship players worth we can use this equation:

Average value= Football team revenues x 0.48

Number of players on scholarship

In 2019 University of Florida earned $87,450,485 in football revenues and there were 78 scholarship athletes. Calculate the average value of University of Florida scholarship athletes on the team. (4 points)

In 2019 Florida State University earned $71,500,000 in football revenues and there were 84 scholarship athletes on the team. Calculate the average value of Florida State University scholarship athletes. (4 points)

Using MRP, give two reasons why University of Florida football players were more valuable in 2019 than Florida State University football players. (4 points)