Forbes: Louisville basketball program more valuable than 3 NBA teams
Joe Robbins / Getty Images Sport / Getty
The University of Louisville's men's basketball team was more profitable last year than three NBA franchises, according to Forbes' list of the most valuable college hoops programs.
Louisville finished 2018 with $23 million in profit, more than the Cleveland Cavaliers, Oklahoma City Thunder, and Charlotte Hornets.
The Cardinals' profit actually declined last year after averaging $30.4 million over the previous three years. The basketball program became mired in the NCAA corruption scandal in 2017, costing longtime coach Rick Pitino and athletic director Tom Jurich their jobs.
Kentucky, Louisville's cross-state rival, ranked a close second on the list, averaging $22.9 million in profit over the three years.
HEADLINES
- UConn, Cooper Flagg among those to watch as college hoops tips off
- Arkansas tops list of 6 preseason Top 25 teams that didn't reach 2024 tourney
- Top prospect Cooper Flagg preparing to enter spotlight at Duke
- 5-star guard Darryn Peterson commits to Kansas
- Grand Canyon accepts invitation to join Mountain West by 2026
Advertisement