This Wall Street Journal article reports on a Purdue finance professor who tries to put a value on each college football team by using revenue, expenses and growth projections. It might be a subscriber article so I'll hit a few highlights.
1 Ohio State 1,510,482,000
2 Texas 1,243,124,000
3 Oklahoma 1,001,967,000
4 Alabama 930,001,000
5 LSU 910,927,000
6 Michigan 892,951,000
7 Notre Dame 856,938,000
8 Georgia 822,310,000
9 Tennessee 745,640,000
10 Auburn 724,191,000
31 Virginia Tech 269,883,000
32 Minnesota 260,264,000
33 Miami of Florida 254,502,000
34 Texas Tech 246,871,000
35 Miss State 230,655,000
36 Stanford 225,479,000
37 California Berkeley 220,017,000
38 Georgia Tech 212,068,000
39 Utah 206,365,000
40 Colorado 203,533,000
51 Arizona 146,153,000
52 Oregon State 144,713,000
53 Illinois 143,318,000
54 Wash State 142,052,000
55 Purdue 135,021,000
56 Missouri 126,219,000
57 Syracuse 120,903,000
58 Pittsburgh 114,468,000
59 Baylor 103,591,000
60 BYU 98,924,000
1 Ohio State 1,510,482,000
2 Texas 1,243,124,000
3 Oklahoma 1,001,967,000
4 Alabama 930,001,000
5 LSU 910,927,000
6 Michigan 892,951,000
7 Notre Dame 856,938,000
8 Georgia 822,310,000
9 Tennessee 745,640,000
10 Auburn 724,191,000
31 Virginia Tech 269,883,000
32 Minnesota 260,264,000
33 Miami of Florida 254,502,000
34 Texas Tech 246,871,000
35 Miss State 230,655,000
36 Stanford 225,479,000
37 California Berkeley 220,017,000
38 Georgia Tech 212,068,000
39 Utah 206,365,000
40 Colorado 203,533,000
51 Arizona 146,153,000
52 Oregon State 144,713,000
53 Illinois 143,318,000
54 Wash State 142,052,000
55 Purdue 135,021,000
56 Missouri 126,219,000
57 Syracuse 120,903,000
58 Pittsburgh 114,468,000
59 Baylor 103,591,000
60 BYU 98,924,000
