College Basketball’s Richest Teams

College basketball really does pay.
For the schools that is.
In a story earlier this year on Forbes.com, the site listed the 20 richest college basketball teams.
The list was based on four factors that include, their university (money generated by basketball that goes to the institution for academic purposes, including scholarship payments for basketball players); athletic department (the net profit generated by the basketball program retained by the department); conference (the distribution of tournament revenue); and local communities (incremental spending by visitors to the county during the regular season that’s attributable to the program).
There are really no surprises here as …read more