The players receive far more than just the value of a scholarship. There is value in the training facilities they are provided, the training staff, the food, the nutrition staff, the tutoring, the housing, the coaching, the equipment, etc. Add it all up, and the a football player at an average P5 school is likely receiving in excess of $300-$400 thousand per year, tax free.
This is a backwards way of viewing this:
1. Your numbers are out of whack and far too high due to economies of scale. There are significant costs reductions because all student athletes from every sport uses these same assets. The difference is Football and hoops brings in all the $$$.
2. Every student has access to free tutoring.
3. Universities purchases all food that each and every student with a meal plan has access to, from a single contract that was bid on
4. Football and basketball players are unable or discouraged from major in disciplines like Computer Science, Engineering or architecture because they don’t have enough time to play sports and study for disciplines with intense time commitments. So, on the aggregate their degrees could have less value, given the majors they’re shoe-horned into taking (i.e, sociology, exercise science, psychology, etc)
5. There is a direct correlation between winning football and basketball teams and an increase student applications for enrollment as well as the quality of student, with is more $$$$ for the uber duties coffers and their endowment
6. Subtract the salaries paid to training staff and tutors and subtract that from the $70-80 millions athletic budgets receive annually from Bowl Games, TV rights, NCAA tournaments (hoops) and athletic deals (Nike snd adidas) and see what you’re left with ($72-62 million).
It’s obscene what’s happening to these student athletes