The Louisville Cardinals men’s basketball team has been wrecked with scandal recently, and even had to vacate its most recent title.
The good news for the Cardinals, however, is they are still the richest men’s college basketball program in the country. Based on the most recent data, the Cardinals have the highest revenue of any program in the country, and it is not even that close.
But Louisville isn’t the only scandal-ridden program raking in the money.
The Arizona Wildcats are also near the top. Their head coach, Sean Miller, was reportedly caught on an FBI wire tap discussing the $ 100,000 payment to secure the commitment from a top recruit.
Below is a closer look at the 25 richest programs in college basketball. Data comes courtesy of the Department of Education and USA Today.
25. University of Dayton — $ 14,031,059
3-year average men’s basketball revenue: $ 13,171,557
1-year change: +4.1%
5-year change: +30.2%
Total athlete department donations: Not available
Athletics licensing/rights fees: Not available
2016 expenses: $ 1,861,323
2016 profit: $ 12,169,736
24. University of Minnesota — $ 14,172,048
3-year avg. men’s basketball revenue: $ 13,216,981
1-year change: +12.6%
5-year change: -12.3%
Total athlete department donations: $ 15,250,676
Athletics licensing/rights fees: $ 51,849,920
2016 expenses: $ 2,048,303
2016 profit: $ 12,123,745
23. University of Florida — $ 14,200,425
3-year avg. men’s basketball revenue: $ 12,632,784
1-year change: +6.8%
5-year change: +39.4%
Total athlete department donations: $ 43,146,263
Athletics licensing/rights fees: $ 62,151,216
2016 expenses: $ 1,917,690
2016 profit: $ 12,282,735
See the rest of the story at Business Insider
See Also:
- The 25 highest-paid coaches in college basketball
- North Carolina fans are frantically googling Lipscomb after facing unexpected competition in the first round of March Madness
- WHERE ARE THEY NOW? Michael Jordan’s legendary North Carolina NCAA championship team
