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What is NC State Football worth?

The Wall Street Journal takes a look at what college football programs would be worth if they were saleable entities

TaxSlayer Gator Bowl - North Carolina State v Texas A&M
This photo has nothing really to do with the article, it’s just super freaking cool
Photo by Joe Robbins/Getty Images

If all NCAA FBS football programs could be bought and sold in the way that NFL franchises are, what would those program be worth? Yeah, we’re officially in the off-season, so let’s spend some time looking at things like this. Why? Why not?!

Thankfully, rather than putting together some clownbloggery formula and doing this ourselves, Ryan Brewer, an Associate Professor of Finance at IUPUC, did the work for us. Well, at least for 115 of the 130 FBS teams.

So what dollar value did Professor Brewer’s calculations put on our beloved NC State Football program? $ 179,255,274.00. Quick! Let’s shake the cushions of the BTP couch and see if we have enough!... Dammit, Steven! You can’t just flip over the cushion because you got chocolate on it again! Ugh, now the stain is all set and... this is why we can’t have nice things!

NC State’s $ 179,255,274.00 value puts it at 46th in the FBS, 6th in the ACC, and 1st in the state of North Carolina (state champs, baby!). State’s value, based on Brewer’s calculations, dropped from 2017 to 2018; but it’s worth noting that the overall valuation of FBS teams was down 2.6% during that span.

Below is the listing of ACC schools.

Pretty surprising to see Clemson and Florida State ranked outside of the Top 25, and just as surprising to see Georgia Tech valued so highly.

One school that certainly stands out in the rankings is South Carolina, which came in at #17 with a 2018 value of $ 460,753,199.00. SEC, I guess, ‘cause it definitely isn’t anything they’ve won on the field.

If you’re looking for the top non-P5 program not named Notre Dame, you’ll have to go down to BYU at #60 ($ 93,302,419.00). Or if you’re looking for an actual G5 conference member, that would be Boise State at #63 ($ 78,823,574.00).