Tag Archives: Vols

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.

UT sports top SEC in recruitment spending

The University of Tennessee men’s sports teams aren’t churning out national champions like TENNESSEE+HOME+FIELD.jpgother SEC schools, but the Vols are clear champs when it comes to its recruiting budget.

According to the website BusinessofCollegeSports.com, Tennessee’s men’s teams spent more than $1.8 million on recruiting in the 2010-11 year. That’s tops in the SEC by a substantial margin.

Auburn was No. 2 in the 2010-11 budget battle, spending a little more than $1.5 million, according to the website.

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UT’s gridiron money machine among most profitable

After spending millions of dollars recently to buy out the contracts of former coaches and an
TENNESSEE+HOME+FIELD.jpgathletic director, one might think the University of Tennessee Athletic Department would have financial issues.

One would be wrong.

According to a study by BusinessofCollegeSports.com, a website produced by attorney Kristi Dosh, UT benefits from having one of the most profitable football programs in the known universe.

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College basketball dorms good for business

Our neighbors to the north have tossed down a challenge that University of Tennessee basketball fans cannot ignore.

I’m talking about the coal industry paying $7 million for a new residence for the University of Kentucky’s men’s basketball team. UT cannot afford to fall behind the basketball lodge race. UT athletics are too important to the Tennessee economy to let the Wildcats have the upper hand.

Perhaps the country music industry will come to the rescue and fund a new residence hall for the basketball Vols. Or maybe the travel center industry, which is pretty much dominated by Knoxville’s own Pilot Flying J, could come up with a few million dollars.

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