Ryan Brewer, an associate professor of finance at Indiana University-Purdue University Columbus, studied all 130 FBS programs and came up with his annual study of each program's worth in college football this week.

The study, which was featured in the Wall Street Journal, follows a basic rubric that measures programs as if they were for-profit businesses, studies their revenue and takes other factors into consideration.

Brewer's study shows the value of the Miners declining from 2017 to 2018, but still among the top-100 programs in the nation.

UTEP ranks in at No. 92 in FBS, being worth $18.7 million in 2018, which is slightly down from its valued $19.3 million last year. Brewer notes that UTEP football's total revenue at  $12.8 million for 2018.

The Miners finished their 2018 season at 1-11 under first-year head coach Dana Dimel. All but one game last season was televised for the Miners as well.

Among other C-USA teams in Texas, Rice ranked No. 87 with a $21.4 million value ($15.4 million in revenue), North Texas was 82nd at $26.4 million ($15.8 million in revenue) and UTSA was not listed. UAB was the top team in C-USA at No. 71, where the Blazers were valued at $49.5 million.

NMSU ranked No. 112, valued at $10.1 million ($7.9 million in revenue).

Through just three games to start the season, it was found through an open records request that UTEP football had surpassed total ticket revenue from the 2017 season through only three home games, despite lower attendance numbers.

Check out the full study here. 

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