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re: What's up with Florida Basketball?

Posted on 5/10/13 at 2:30 pm to
Posted by LBC
Member since Jul 2012
3370 posts
Posted on 5/10/13 at 2:30 pm to
quote:


Thousands of people aren't paying lot's of money and networks aren't willing to shell out millions of dollars to watch a college professor or president do his job every week.

Let's use LSU as an example. LSU has what, 30Kish students? Let's say every year 15% of those 30K students graduate, so around 45000 students a year. Assuming nobody ever gets promoted, and everybody makes average income, 4500 people now average 51K a year instead of 28K a year(According to this link), or about a 23K difference. Lets say 80% of those students stayed in Louisiana. The Louisiana economy just made 82.8 Million more dollars than they would have had those 3600 kids worked straight out of high school. Assuming the average person works 40 years and then retires, that person made $920,000 dollars more for the rest of their lives. Or, the 4500 people graduating class of LSU made 4140 Million dollars more than they would have with a high school diploma. Can you say one college coach puts more money into the economy then that?
This post was edited on 5/10/13 at 2:35 pm
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