Of all the "big name" NCAA QB's that don't make the NFL, I'm guessing the majority won't bother playing in the CFL unless they're really passionate about keeping their football career afloat. The money isn't there and the weather is probably a big factor as well.
I think that's why you see guys from smaller schools thrive (especially northern schools) -- they're willing to start small and work their way up. The cold weather is less of a factor as well:
Lulay - Montana State
Mitchell, Nichols - Eastern Washington
Reilly - Central Washington
Ray - Sacramento State
Harris - Edinborough (?)
Collaros - Cincinnati
Willy - Buffalo
etc...
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