How much are college QBs worth to schools? Study puts monetary value on signal callers
Quarterbacks are the face of nearly every team, and if any particular one reaches superstardom under center, they essentially become the face of the program with a powerful brand.
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If college athletes were to be paid, how much would they be paid? How would you determine how valuable a player is to a particular school?
Glad you asked.
FiveThirtyEight.com recently completed a case study breaking down the value of current and past college quarterbacks and how much each is/was worth to their university.
Here’s a look at some past elite quarterbacks’ value:
Here’s a look at 2013 quarterbacks’ value:
So, how did the site come up with the numbers? Here are a few blips from the article taken to calculate the numbers for the case study:
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- “The first step of our analysis used a ‘school-fixed effects’ win-probability model to isolate how each quarterback affected his team’s winning percentage. We controlled for opponent quality, home field advantage and ‘school-fixed effects,’ because a star quarterback at a football powerhouse like the University of Florida will win more games than one at Baylor University, all other things being equal.”
- “From there, we took the QB’s marginal contributions and extrapolated them over an average season to estimate an expected ‘wins added.’”
- FiveThirtyEight then calculated the quarterback’s win share and economic value, although the economic value was taxing.
The site concluded the value of one additional win is worth close to three-quarters of a million dollars. The upper echelon of elite quarterbacks – the site called them truly elite – could add as many as four wins and more than $3 million to the school’s annual revenue.
Read the full article and breakdown from the site here.
Photo Credit: Matthew Emmons-USA TODAY Sports