The winner of tonight’s Oregon-Ohio State football game will be ranked first in the polls.
However, the Buckeyes have already secured No. 1 in another list: as the most valuable football program in the country.
The Wall Street Journal published the list, based on the work of Ryan Brewer, an assistant professor of finance at Indiana University Purdue University Columbus.
Brewer’s work calculates what a football program might be worth if it could be sold like an NFL team.
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Ohio State’s estimated program revenue topped $930 million, while its intrinsic value was more than $1.12 billion. Michigan was second at $999 million, while Texas was third at $972 million.
Kansas State was ranked 26th ($286 million), Missouri was 51st ($115 million) while Kansas was 57th ($103 million).
Oregon was 18th at $358 million.
According to the Wall Street Journal, “Brewer analyzed each program’s revenues and expenses and made cash-flow adjustments, risk assessments and growth projections for each school.”
You can find all of the BCS schools’ valuations here.
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