Forbes Lists Minnesota as 13th Most Valuable Program in the Country ($16.3MM value)

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BleedGopher

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per Forbes:

College Basketball's Most Valuable Teams In 2013

Our 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.

13. Minnesota Golden Gophers

Current Value: $16.3 million
Basketball Profit: $11.1 million
One-Year Change in Value: 15%
Conference: Big Ten
Head Coach: Tubby Smith

Minnesota is headed to the Big Dance, but Smith's teams have not had much tournament success in the past. In fact, the Golden Gophers' two tournament games over the last six seasons were worth less than $500,000 to the Big Ten last year.

http://www.forbes.com/pictures/emdm45mkld/13-minnesota-golden-gophers/

Go Gophers!!
 

You make $11.1 million in profit in a year and you're only worth $16.1 million? I'd buy that...
 

Incredibly awful methodology by Forbes. Almost useless.

PS - Louisville might be making out nicely, but the Yum! Center is already in financial ruins. Ugly situation. Pitino & crew are making out nicely on that one.
 

I think the 16.3 million is the revenue generated by the basketball program and the 11.1 net is the money that is funneled to other non revenue athletic programs at the U.
 

jovs said:
I think the 16.3 million is the revenue generated by the basketball program and the 11.1 net is the money that is funneled to other non revenue athletic programs at the U.
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well played. sounds about right for the liberal PC wonks who help run the U. thanks joel maturi. man, i loved this past year's gymnastics, tennis, gold and softball seasons. :rolleyes:
 


jovs said:
I think the 16.3 million is the revenue generated by the basketball program and the 11.1 net is the money that is funneled to other non revenue athletic programs at the U.
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Cash flow like this and can't finance a practice facility? A 30 million facility at 4% would be just under 2.7 million a year for 15 year not taking into account a capital campaign to raise some of the money from alums and other supporters.
 


rrjackIII said:
The Memphis Business Journal lists Minnesota as the 6th most profitable basketball program behind

1. Louisville
2. North Carolina
3. Arizona
4. Ohio State
5. Syracuse

and Minnesota is sixth.

http://www.bizjournals.com/memphis/...ost-profitable.html?s=image_gallery&img_no=11
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This is not hard to believe considering how much we pay for tickets, which historically has been among the highest in the nation. Incorporate that into a large arena by college basketball standards and being in a high demand TV league and you have piles of money. Interesting to see where we land after priority seating revenue is included. Even with a $2 million coach, this program is a cash cow thanks to all of us ticket buyers. We're awsome. Or foolish.
 





Parski1 said:
What is their record?
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So you think any team that breaks the 20 win plateau is "competing"? Doh'kay!

If we truly are the 6th most profitable program in the country and 13th "most valuable" the on court product should be a lot better and more consistent than it currently is. If this is all true than IMO it makes our BB program even more pathetic since I like BB much more than any other sport.
 

It's a shame that we can be the 6th most profitable program and take decades to get a practice facility. Then again, it's a shame we can be one of the few schools to serve beer at football games and we somehow manage to lose money on it.
 

howeda7 said:
It's a shame that we can be the 6th most profitable program and take decades to get a practice facility. Then again, it's a shame we can be one of the few schools to serve beer at football games and we somehow manage to lose money on it.
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That's what happens when you leave academic types to make business decisions, which major athletics are a business today. Sometimes the old adage holds true, those who can do, those who can't teach. The university appears to have little control over its finances, then again the best and the brightest tend to not work in academia when they can make more money in the private sector.
 



It would also help if football attendance was 80,000 - 100,000 per game.
 

station19 said:
It would also help if football attendance was 80,000 - 100,000 per game.
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I would hypothetize that the Wild are able to profit on their beer sales with only 18,000 per game. Full disclosure: I haven't done the research to back that up.
 

bleedsmaroonandgold said:
I would hypothetize that the Wild are able to profit on their beer sales with only 18,000 per game. Full disclosure: I haven't done the research to back that up.
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I was referring to the amount of money from basketball revenue that goes to help non-revenue sports. Not the profit or loss on beer sales. That's a different thread.
 

Why do people pretend that Title IX doesn't exist?
 

dpodoll68 said:
Why do people pretend that Title IX doesn't exist?
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Or that non-revenue sports hold back revenue sports.

FWIW, if look at the various sports, it doesn't take much sophistication to see that baseball is in the most jeopardy - all male, relatively high costs and little revenue (unless the Big Ten netowrk coverage is enough to offset costs).
 

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