Originally posted on StraitPinkie.com  |  Last updated 3/18/13
In recent years, Forbes.com has run a study that has found, what is the most valuable college basketball program in the nation?  Ever, since the Yum! Center opened, the Louisville Cardinals have  accelerated to the top of the list and it is no different this year.  The Cards beat out the second closest money making program, the Kansas Jayhwaks, in current value by approximately $5.6 million. The Cards current value is $38.5 million while their actual basketball team income brings in approximately $24.6 million. And off all this money being made, it is a 7% increase over what was being made as of this time last year. With the great product that the Cards are bringing to the floor everynight it is no wonder that the program is bringing in so much money.  I think this is one of the reasons that many of the universities biggest supporters do not want an NBA team coming into town.  With no other athletics in the commonwealth of Kentucky, all that the people in the state have is college athletics.  Kentucky comes in fourth on the list. Here are excerpts from the Forbes.com article : The Louisville mens basketball program is once again Forbes.com‘s most valuable program in the country. The Cardinal program is now worth $38.5 million, up from $36.1 million last year. Forbes Magazine’s  ranking of college basketball’s most valuable teams utilizes a weighted methodology with three components. They are, in order of weight, basketball revenue spent on athlete scholarships and other academic programming, profit kept by the athletic department to support athletic endeavors and conference revenue generated via NCAA tournament play. Valuations are based on revenues and expenses from the 2011-12 season.   Louisville’s KFC Yum! Center, a state-of-the-art arena opened in 2010, helped the team rake in a staggering $20.4 million in contributions last year. That income was largely responsible for making the Cardinals the most profitable team in college basketball. In fact, Louisville’s $24.6 million in team profit was larger than all but four other teams’ total revenue last year.
Ios_download En_app_rgb_wo_45

Rangers survive war of attrition in Game 1 vs Blue Jays

NBA Players Union to fund cardiac screenings for retired players

Dolphins fire defensive coordinator Kevin Coyle, promote Lou Anarumo

Rob Manfred isn’t a fan of tweaking playoff format

Matt Barnes opens up about Derek Fisher fight

Bennett: QBs make too much money, not enough left for OL


Frank Gore must step up vs. Texans with Andrew Luck out

Sean Rodriguez apologizes about outburst, including to water cooler

"Friday Night Lights" writer calls Chip Kelly a fraud

Gregg Popovich now resting himself by sitting out games

Knicks' sellout streak at Madison Square Garden halted at 201

Rex Ryan: Probably ‘a reach’ for Karlos Williams to play Sunday

All Sports News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
Get it now!
Ios_download En_app_rgb_wo_45

Putin celebrates birthday by scoring seven goals in hockey game

"Friday Night Lights" writer calls Chip Kelly a fraud

Women in sports this week: Is this 2015 or 1965?

Three reasons each AL team can win the pennant

Garrett addresses Hardy's comments about Gisele

Five outrageous predictions for NFL Week 5

Rex makes players do push-ups in practice after penalty calls

Weeden compares QB situation to 'backing up Derek Jeter'

Pirates fan dresses as Steve Bartman, fails to curse Cubs

LeBron takes in-game selfie with fans in Cincinnati

Today's Best Stuff
For Publishers
Company Info
Follow Yardbarker