Tag Archives: Louisville

UT beats Florida in Forbes college basketball rankings

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Florida may be the overall No. 1 seed in the NCAA mens basketball tournament, but the University of Tennessee is a much more valuable team, financially speaking.
UT is a sparkling No. 15 on Forbes’ 2014 list of the most valuable college basketball teams, with a team value of $14.1 million and a profit of $8.5 million.
Among its Southeastern Conference foes, the Vols trail only Kentucky, NO. 3 on the Forbes list with a team value of $32.5 million. But UT is well ahead of the Gators who finished outside Forbes’ Top 20 with a team value of $10 million +.
The financial details for the current rankings are from the 2012-2013 season and come from the U.S. Department of Education database, says Forbes, which published its 2014 list on Monday.
Ticket sales, alumni contributions, parking and concessions and NCAA tourney payouts are among the revenue sources cited by Forbes.
“Unlike our professional sports valuations, our college basketball values don’t represent what a team would sell for on the open market; as college teams, they obviously cannot be bought or sold. Instead, we use a weighted methodology to determine how much value the top college basketball teams generate for their athletic departments, universities and fellow conference members,” Forbes’ writer Chris Smith reports.
No. 1 on the Forbes list for the third straight year is Louisville with a team value of $39.5 million and a sizzling profit of $24.7 million.
The Vols lofty Forbes ranking continues to benefit from the tournament payout earned by the 2010 team, which made the NCAA Elite Eight and came within a whisker of the school’s first Final Four.
The Vols play their first NCAA tournament game since 2011 on Wednesday when they go up against Iowa.
Click here for the Forbes report.

Crazy money in March Madness

b154a961a6560e070a0f6a70670063ec.jpgIn between watching basketball games this weekend, go online and check out
 BusinessofCollegeSports.com. The website offers some fascinating research on the truly big money involved in NCAA basketball.

Where does your favorite hoops team rank in total annual revenue? (based on the 2010-2011 season, Louisville is No. 1 with $40.8M; Tennessee is No. 13 at $13.8M, tops in the Southeasten Conference)

Which coach delivers the best “performance value per dollar of compensation”? (Jim Boeheim at Syracuse)

In the 2010-2011 season, how much money did the NCAA distribute to conferences and universities? ($478M. The Big East got the biggest slice of the pie — $24.9M, compared to $15.6 for the SEC).

Enjoy the games.

Photo: Murray State forward Edward Daniel (2) takes a charge from Colorado State forward Will Bell (23) in the second half of their tournament second-round college basketball game in Louisville, Ky., Thursday, March 15, 2012. (AP Photo/Dave Martin)

 

UT men’s basketball No. 18 on Forbes revenue list

It’s been a tough year for the University of Tennessee men’s basketball team — multiple home court losses, an NCAA investigation, Coach Bruce Pearl’s suspension. But the Volunteers can take some solace in knowing the program is still a big-time money maker.

UT is No. 18 on Forbes’ ranking of the top revenue generating men’s basketball programs. According to U.S. Department of Education data, the UT men’s program generated $13,301,579 in revenue in the 2009-2010 season, Forbes reported earlier this week.

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