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Louisville basketball is a financial monster

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Forbes posted a story yesterday in which it was revealed that the Big East is a financial beast, and that Louisville is the program heading the charge. For the 2009-2010 season, the Big East topped $154 M in revenue, easily the most of any basketball conference in the country.

Big East schools average $9.6 M from men’s basketball with a median of $7.2 M. Louisville and Syracuse earned the most revenue from men’s basketball among Big East schools by far.  U of L generated 169% more revenue than the league average while Syracuse earned 90% more than the average.

TEAM MBB REV RATIO
Louisville $25,890,003 2.69
Syracuse $18,309,470 1.90
Marquette $13,877,475 1.44
West Virginia $13,306,654 1.38
Pittsburgh $13,117,849 1.36
Georgetown $10,074,618 1.05
Connecticut $7,745,145 0.80
Villanova $7,652,470 0.79
St. John’s $6,741,298 0.70
DePaul $6,528,661 0.68
Providence $6,460,838 0.67
Seton Hall $6,215,923 0.65
Cincinnati $4,927,771 0.51
Rutgers $4,634,026 0.48
South Florida $4,588,627 0.48
Notre Dame $4,051,468 0.42
MEAN $9,632,644 ***
MEDIAN $7,196,884 ***

When you factor in men’s basketball expenses, Louisville and Syracuse are the only 2 schools that earned profits in excess of $10 M, and only 3 other schools (Pittsburgh, West Virginia, Marquette) earned profits above $5 M.

The average men’s basketball profits reported was $3.5 M, the median profits was $1.45 M, and the only school reporting losses (albeit minimal losses) was Notre Dame.

TEAM MBB REV MBB EXP MBB PROFITS
Louisville $25,890,003 $9,089,769 $16,800,234
Syracuse $18,309,470 $8,086,376 $10,223,094
Pittsburgh $13,117,849 $6,046,724 $7,071,125
West Virginia $13,306,654 $6,377,761 $6,928,893
Marquette $13,877,475 $8,185,030 $5,692,445
Georgetown $10,074,618 $7,393,234 $2,681,384
Providence $6,460,838 $4,696,862 $1,763,976
Villanova $7,652,470 $6,117,021 $1,535,449
South Florida $4,588,627 $3,215,424 $1,373,203
Cincinnati $4,927,771 $3,754,077 $1,173,694
Connecticut $7,745,145 $6,940,903 $804,242
Rutgers $4,634,026 $4,495,147 $138,879
DePaul $6,528,661 $6,528,661 $-
Seton Hall $6,215,923 $6,215,923 $-
St. John’s $6,741,298 $6,741,298 $-
Notre Dame $4,051,468 $4,060,565 ($9,097)
Mean $9,632,644 $6,121,548 $3,511,095
Median $7,196,884 $6,296,842 $1,454,326

Good stuff. Now someone hook me up with something for free.