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Illustration: Sarah Grillo/Axios

If football and men's basketball players at Power 5 colleges were paid under collective bargaining agreements like their professional peers in the NFL and NBA, they would earn annual salaries of $360,000 and $500,000, respectively.

Driving the news: That's according to a new study released by the National Bureau of Economic Research, which also estimates that high-profile athletes like quarterbacks ($2.4 million per year on average) and every starting player on a basketball team (between $800,000 and $1.2 million per year) would earn significantly more.

Why it matters: The study finds that college athletics' amateurism rules create a system that transfers money away from poorer, largely Black students to wealthier, mostly white students, coaches and administrators.

By the numbers: Less than 7% of the revenue generated by football and men's basketball at FBS schools is paid to its athletes in the form of scholarships and stipends for living expenses.

  • By comparison, NFL and NBA players receive approximately 50% of the revenue generated by their athletic activities as salary, even though college athletics have generated more in ticket sales since 1999.
  • The combined revenue of Power 5 conferences increased by nearly 260% from 2008 to 2018, while over the same time period, revenues for the NFL and NBA grew by approximately 90% and 110%.

Between the lines: FBS schools typically field men's and women's teams in roughly 20 different sports, but 58% of total revenue comes from football and men's basketball.

  • That money goes to coaching staffs and athletic departments, and supports non-revenue sports, whose athletes often come from wealthier backgrounds.
  • Non-revenue-generating athletes come from neighborhoods with average incomes 37% higher than college football and basketball players, according to the study.

The big picture: College football's pandemic response has catalyzed the #WeAreUnited movement, with athletes threatening to withdraw their labor and laying out plans to create a players' association.

What to watch: While no legislation has been passed to pay college athletes directly, multiple states have passed bills that will soon allow them to profit off their name, image and likeness.

  • So, while a star QB in Florida won't earn millions of dollars in salary, he could earn hundreds of thousands of dollars through sponsored social media posts alone starting in July.

The bottom line: "While intercollegiate sports are often described as student activities undertaken by amateurs, the economic reality is that athletic departments have developed into complex commercial enterprises that look far more like professional sports organizations than extracurricular endeavors."

Go deeper

Nov 28, 2020 - Health

NFL bans in-person team activities Monday, Tuesday due to COVID-19 surge

Houston Texans play the Detroit Lions in Detroit on Thanksgiving Day. Photo: Amy Lemus/NurPhoto via Getty Images

The NFL said it will prohibit all in-person team activities on Monday and Tuesday to help curb the spread of the coronavirus among teams.

Driving the news: The move comes "in response to the continuous increase in positivity rates throughout the country” and because “a number of players and staff celebrated the Thanksgiving holiday with out-of-town guests," NFL Commissioner Roger Goodell said in a memo late on Friday, per the NFL Network's Tom Pelissero.

Nov 29, 2020 - Sports

Broncos and 49ers the latest NFL teams impacted by coronavirus crisis

From left, Denver Broncos quarterbacks Drew Lock, Brett Rypien and Jeff Driskel during an August training session at UCHealth Training Center in Englewood, Colorado. Photo: Justin Edmonds/Getty Images

The COVID-19 pandemic has thrown the NFL season into chaos, with all Denver Broncos quarterbacks sidelined, the San Francisco 49ers left without a home or practice ground, and much of the Baltimore Ravens team unavailable, per AP.

Driving the news: The Broncos confirmed in a statement Saturday night that quarterbacks Drew Lock, Brett Rypien and Blake Bortles were identified as "high-risk COVID-19 close contacts" and will follow the NFL's mandatory five-day quarantine, making them ineligible for Sunday's game against New Orleans.

41 mins ago - Politics & Policy

Scoop: Biden plan expected to include at least $500B for climate

Photo: Stephanie Keith/Bloomberg via Getty Images

The White House is privately telling lawmakers the climate portion of President Biden's roughly $2 trillion social spending plan is "mostly settled" and will likely cost more than $500 billion, two sources familiar with the talks tell Axios.

Why it matters: A pricetag of $500-555 billion is a huge number and, if it holds, would likely be the single biggest component of the sweeping package. It also isn't far off from the roughly $600 billion proposed when the bill was expected to cost $3.5 trillion.