NCAA Brackets from a financial standpoint

[shocker3]

CNBC took a look at the 65 teams in the dance from a financial standpoint.

The team that made the most money during 2008-09 in this year
's dance is a former Valley member: LOUISVILLE. CNBC said their basketball team showed a $16.8 million profit.

The only non-BCS team I saw in the top 15 was Xavier. Xavier made a $4.8 million profit from basketball.

Three big 10 teams were in the top 5: MINNESOTA $7.8 Million, WISCONSIN- $9.4 million and OHIO STATE at $11.4 million. Michigan St. came in at #9 with a $6.8 million profit.

KU was in the top 10 right behind Minnesota at $7.5 million. They also noted that KU spends $7.2 million more on Basketball than their first round opponent Lehigh. The only other big 12 schools in the top 15 were Texas, #8, $6.8 million profit and Okie St. #12, $5.8 million profit.

On the other end of the spectrum, East Tennessee State showed a profit of $288,000.

They said that getting into the tournament was worth $1.3 million for a team and that each additional win nets an additional $1.3 million (paid out over 6 years). They pointed out that the Big East will get $10.8 million even if every one of their teams lose in the first round.

Not all of the 65 teams showed a profit, CNBC said that Duke reported losing $2 million on basketball. If I remember right they said they spend something like $13.8 million on basketball while taking in $11.8 million in basketball revenues. CNBC also noted that they don't think Duke really lost money on basketball it is just the way they report their basketball revenues and expenses.

They have run at least a couple different segments on this subject today on CNBC.

[WstateU]

Re: NCAA Brackets from a financial standpoint

Not all of the 65 teams showed a profit, CNBC said that Duke reported losing $2 million on basketball. If I remember right they said they spend something like $13.8 million on basketball while taking in $11.8 million in basketball revenues. CNBC also noted that they don't think Duke really lost money on basketball it is just the way they report their basketball revenues and expenses.
They have run at least a couple different segments on this subject today on CNBC.

Oh, it figures; Duke grads are running Wall Street. :(

[shox1989]

I find it pretty amazing that a non-BCS team is even in the top 15. I guess if Xavier a small private school can make more money from basketball than most of the BCS schools then anyone can.

Also I am surprised that Louisville is first and first by a big margin. They have only been a BCS school for a few years. I remember when they used to play in the Valley.

[shockball]

Did they get their figures from Equity in Athletics?

[hoopsnut]

Does anyone on here know how the Shocks make out financially from basketball? It seems that there was information floating around about how much the program costs, but I do not remember anything about the income side of the equation. It would be interesting to know.

[The Mad Hatter]

I find it pretty amazing that a non-BCS team is even in the top 15. I guess if Xavier a small private school can make more money from basketball than most of the BCS schools then anyone can.

Also I am surprised that Louisville is first and first by a big margin. They have only been a BCS school for a few years. I remember when they used to play in the Valley.

The problem with these kind of number is that there is huge variance in accounting practices.

The biggest issue is how contributions are counted. Take a comparison of Louisville and KU from 2005.

First Louisville

They list men's basketball contributions as being $8,719,951
They list non-program specific contributions as being $94,561

All told, Louisville's total contributions are $11,507,810

Next KU

They list men's basketball contributions as being $166,814
They list non-program specific contributions as being $16,393,774

All told, KU's total contributions are $18,500,207

Louisville didn't make more money than KU, they just did the accounting differently. In fact, KU made $7.5 million more as an athletic department than Louisville did, even though on paper Louisville made $6 million more on basketball than KU.

[DUShock]

Erin Burnett :good:

[WuDrWu]

Samantha Ryan :good:

[Awesome Sauce Malone]

Eva Angelina

[ABC]

Shelley Duvall.