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If the players had zero value without the schools, then the schools wouldn't risk forfeiting games, scholarships, and financial penalties by facilitating payments to the players and regularly violating NCAA rules.
That doesn’t logically follow. They are paying because some schools have created great value by establishing a following for the football program at dear old State U. That following depends on winning so they have created competition amongst schools for players. That does not mean that if Alabama and Auburn were suddenly hit with the death penalty that those same fans would be lining up to buy tickets to a game between the Birmingham Barons and Montgomery Muskrats of the Junior NFL developmental league. Most of the value is created by the fans emotional attachment to the schools.
In short, just because there is a great amount of money associated with college football (with a large percentage of programs still losing money),does not mean there would be a lot of money for players if CFB didn’t exist.
If college football ever dies it won’t but there may be big changes relative to the current system), fans in the south will shift to Saturday church services so they can go to the high school game on Friday night (making it more of a religious pilgrimage than it already is) and fire up the 60” TV in their double wide to watch the NFL on Sunday. They’d even be able to catch the London games that used to overlap with Sunday morning services.
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