UNC, Duke and NC State make Forbes list of ‘most valuable teams’
UNC, Duke and NC State were all ranked in the top 20 most valuable college basketball teams, according to Forbes.
UNC led the way for schools in North Carolina ranking at #3 on the list. The team is valued at $32.8 million, according to the report.
Kansas ranked at #2 and the Louisville Carindals topped the list at #1.
UNC at #2:
Current Value: $32.8 million
Basketball Profit: $19.9 million
One-Year Change in Value: 11%
Head Coach: Roy Williams
“Three additional home games and an injection of new conference money via the ACC’s TV deal with ESPN helped the Tar Heels to a 11% surge in basketball revenue, which surpassed $27 million last year.”
Duke made the list at #11:
Current Value: $17.1 million
Basketball Profit: $9.8 million
One-Year Change in Value: -31%
Head Coach: Mike Krzyzewski
“Duke’s drop in value from last year is partly due to changes in the athletic department’s accounting practices, but another big part is that no team in college basketball spends more than the Blue Devils. In fact, only five teams generated more than Duke’s $25.7 million in basketball revenue last year, but 11 teams had a bigger profit.”
NC State was ranked at #20:
Current Value: $13.1 million
Basketball Profit: $8.7 million
One-Year Change in Value: N/A
Head Coach: Mark Gottfried
“The Wolfpack made its first NCAA tournament appearance since 2006 last year, and the winning ways helped big time; ticket sales alone increased by more than $800,000.”