Sports are often defined as much by their controversies as they are their highlights. For college football, when debate is not focused on the proper way to crown national titles, the topic of player compensation is one of the most heated — and perhaps important — debates. It’s also one frequently plagued by bad economics, highlighting common misunderstandings about capital and labor.College football is one of the most popular sports in the United States and, as such, is a very lucrative one. The average college team makes .5 million from its football program, while elite programs like the University of Georgia and University of Alabama, make over million. This revenue is generated largely by lucrative television contracts, merchandise, and ticket sales, among
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