Most Revenue Generated Men's College Basketball in 2023

Donate To GopherHole
6

60's Guy

Well-known member
Joined
Jul 29, 2010
Messages
9,328
Reaction score
4,417
Points
113
Screenshot 2024-07-03 at 1.25.58 AM.png
Would You Have Guessed Minnesota Sits at #20?
Of 14 Big Ten Teams in 2023...only NW and Rutgers did not make the list.
Illinois at #4 earned $10 million more than Minnesota at #20.
 
Last edited:

Screenshot 2024-07-03 at 1.57.01 AM.png
Attendance Relative To Arena Capacity
So, we are 50% attendance and #20 on the revenue list...hmmm
 

60's Guy said:
View attachment 32097
Would You Have Guessed Minnesota Sits at #20?
Of 14 Big Ten Teams in 2023...only NW and Rutgers did not make the list.
Illinois at #4 earned $10 million more than Minnesota at #20.
Click to expand...
We've always been high, but I'd think it have dropped more with the bad attendance.

FYI Northwestern is never listed because they don't report this data.
 





Not 100% sure on this, but I think John Thomas & Trevor Winter (93-94, 94-95, 96-97) are the only Gophers to be part of 3 NCAA Tournament teams.

Am I missing anyone (not counting walk-ons)?
 


Ski-U-Ham said:
So is Louisville and they were #1 on the revenue list
Click to expand...
Makes you wonder what counts as "revenue generated". Rutgers was also in the 100% of arena capacity and not in the top 50 (Rutgers is a public school, btw).
60's Guy said:
View attachment 32098
Attendance Relative To Arena Capacity
So, we are 50% attendance and #20 on the revenue list...hmmm
Click to expand...
Let's look at schools in metro areas with NBA teams (often cited as a deterrent to attendance)

100%: Nova
95%: Houston
90%: Marq, Miami
80%: Butler, NW
70%: MD, UCF, SMU, TCU, Washington
60%: Memphis, USC, BC
50%: ASU, Utah, GT, MN, UCLA (!)
40%: St. John's, Stanford
<40%: Georgetown, Cal, DePaul

(I'm not counting Okla, Colo, Rutgers, Seton Hall, or Michigan, all of which are pretty close to being in their closest metro. I did count MD because College Park is a stop on the subway system in DC.)

I think it shows MN is still pretty bad, even among NBA market campuses. A winning program does seem to help, though.
 



Ticket sales are only about 3 mil of the revenue at least 22-23 by the u budget. Basketball is extremely profitable. There is around 4 mil in donations. I wish we could see how that matches up with other schools. With increased attendance we could be a top 15 revenue school

Could some of that 4 million be funneled into nil in the future? Don’t know.
 

the other side of the coin is expenses. Revenue figures alone don't tell the story. a school could have lower revenue but finish with a higher profit based on controlling expenses.

also as rivergopher noted, it would help to see all the sources of revenue that are included in this ranking.

and, stating the obvious, I assume this covers traditional sources of revenue and does not cover NIL. in today's game, NIL impacts on-court performance, which impacts ticket sales, etc.
 

WAGopher said:
Just think if we had a team that consistently made the NCAA tournament.
Click to expand...
Yeah. And if we won more than 2 NCAA Tournament games in 27 years.

We've always had the money though. A few years back Forbes ranked us as the #17 most valuable college basketball team. That's why I previously said that I don't believe the administration propaganda about us not having money to keep our players.
 

In terms of revenue, yes it keeps rising. But attendance is on a gradual decline. 2018/19 saw 27 million attend D1 games whereas 2023 had attendance of about 24 million. Covid broke the positive momentum and changes since are not helping. Over time, keeping attendance up under the current rules will be challenging and just watching on TV may become more prevalent.
 



EasyThere Pilgrim said:
Yeah. And if we won more than 2 NCAA Tournament games in 27 years.

We've always had the money though. A few years back Forbes ranked us as the #17 most valuable college basketball team. That's why I previously said that I don't believe the administration propaganda about us not having money to keep our players.
Click to expand...
You really don’t understand the whole thing about the university, or athletic department can’t feed the NIL fund do you? You got a real shtick going but it’s a really dumb one. It doesn’t matter how much the school has in the coffers, they can’t fund NIL. I gave you the example of Texas Tech, they have several people feeding their fund, two of which are one oil guy and the other is a software guy if I remember correctly. They are not employees or in any way on the schools payroll. Look I don’t like it anymore than you do, but here we are and until someone with a lot of money funds our NIL fund, we will be behind the proverbial 8 ball.
 

Outsider said:
You really don’t understand the whole thing about the university, or athletic department can’t feed the NIL fund do you? You got a real shtick going but it’s a really dumb one. It doesn’t matter how much the school has in the coffers, they can’t fund NIL. I gave you the example of Texas Tech, they have several people feeding their fund, two of which are one oil guy and the other is a software guy if I remember correctly. They are not employees or in any way on the schools payroll. Look I don’t like it anymore than you do, but here we are and until someone with a lot of money funds our NIL fund, we will be behind the proverbial 8 ball.
Click to expand...
Ok. At least Coyle said he's on it now. Conducting research on how to coordinate and potentially model the Texas Tech method. We don't have oil or software here...but how about natural gas? Or mining? Then we can pay guys like Payne & Hawkins $500K.
 

Hey since basketball is now separate...can the U of MN venture into...how about the restaurant business? Or how about use the money from textbook sales?
 


You must log in or register to reply here.



Top Bottom