Forbes ranks Gophers in top 20 of most valuable college basketball teams


After failing to appear in the top 25 rankings all season, the Minnesota Golden Gophers men's basketball team has suddenly surged into the top 20 – of Forbes Magazine's list of most valuable men's college basketball teams.

Forbes ranked the Gophers No. 19 on the list of the 20 most valuable teams, with a total value of $11.6 million, down 29 percent from last year.

Last year Minnesota saw team expenses increase by around $1.5 million while revenues dropped by $2 million, but both changes were largely tied to changes in the athletic department's revenue allocation and accounting practices. Firing head coach Tubby Smith will also cost the school $2.5 million. Minnesota athletics contributed $875,000 to academic counseling for its athletes.

The Gophers fired Tubby Smith following last year's NCAA tournament loss to Florida, which now owns the No. 1 overall seed in this year's Big Dance. Smith's replacement Richard Pitino fell short of guiding the Gophers to a return trip to the tournament, but they are the top-seeded team in the NIT and they host High Point tonight at Williams Arena.

Forbes used a weighted methodology to determine how much value the teams produce for their athletic departments, universities and conferences.

The combined value of the top 20 teams is $425 million. The average team's value is $20.2 million, down from $20.4 million in 2013.

For a third consecutive year, the Louisville Cardinals came in at No. 1.

  1. Louisville: $39.5 million
  2. Kansas: $33 million
  3. Kentucky: $32.5 million
  4. North Carolina: $25.7 million
  5. Indiana: $25.4 million
  6. Arizona: $25.2 million
  7. Ohio State: $22.9 million
  8. Wisconsin: $21.1 million
  9. Syracuse: $21 million
  10. Duke: $18.9 million
  11. Michigan State: $17.1 million
  12. North Carolina State: $17 million
  13. Illinois: $15.8 million
  14. Michigan: $14.2 million
  15. Tennessee: $14.1 million
  16. Texas: $13.6 million
  17. Xavier: $13.4 million
  18. Maryland: $11.9 million
  19. Minnesota: $11.6 million
  20. Arkansas: $11 million

Next Up

coronavirus, covid-19

Here is Minnesota's COVID-19 update for Wednesday, January 20

The 111 ICU patients is the fewest in Minnesota since there were 109 COVID patients in intensive care on Oct. 1.


Here's what Amy Klobuchar said at Joe Biden's inauguration

The Minnesota senator was one of the leader organizers of the inauguration.

covid-19, vaccine

All of this week's COVID vaccine pilot program appointments are filled

Nearly 6,000 Minnesotans who are 65 and older registered for appointments between noon Tuesday and Wednesday morning.

Lane kueng thao chauvin

Osterholm affidavit ahead of George Floyd trial warns of COVID worsening in March

Prosecutors want to delay the Chauvin trial due to a public health threat.

WCCO-AM's Sheletta Brundidge talks with Lil Nas X

830-WCCO host calls for Dave Lee's replacement to be person of color

WCCO-AM has not had a person of color as a weekday daytime host in its history.

Screen Shot 2021-01-20 at 8.57.50 AM

Harmful grass fly larvae found in shipment to International Falls

U.S. Customs and Border Protection officials safeguarded the shipment until the threat could be mitigated.

Keith Ellison

Minnesota high schoolers will be reimbursed for canceled European trips

Minnesota Attorney General Keith Ellison announced a settlement with the travel company Friday.

Donald Trump

Trump pardons Minnesota man convicted on drug charge in 1992

John Harold Wall was among the 143 people granted clemency in one of Trump's final acts as president.

Lyn 65

9 businesses in Richfield affected by strip-mall redevelopment plans

Affected businesses may be eligible for grants that would help keep them in Richfield.

CBP heater

More than $260K in fake heaters seized at Minnesota border

The 780 infrared zone heaters were found in a rail car bound for Ranier, Minnesota.

Ian Cole

Wild trade Greg Pateryn to Avalanche for Ian Cole

Cole won a pair of Stanley Cups in Pittsburgh and is a former first-round pick.