With the college football playoffs drawing closer, all eyes will soon be on the student athletes competing in the New Year’s Six and eventually, for the trophy. While the players normally get scholarships to study at their schools of choice, they remain unpaid despite the fact that their teams earn a lot of money with college football – a fact that has caused much controversy.
Forbes Magazine, which ranks college football programs for their revenue and profits, found that between the 2015/16 and the 2017/18 seasons, the Texas A&M Aggies made the most money with an average of $94 million of annual profits. Another Texan team is in the runner-up spot. The Texas Longhorns of the University of Texas reported average annual earnings of $92 million dollars, followed by the Michigan Wolverines, who earned $83 million per year on average.
