Sports

The NCAA’s Sweet 16 -- In Dollars
The NCAA men’s basketball tournament is down to the last 16 teams, representing schools both large and small. Here’s a glance at each team’s revenue and net income from the 2011-12 school year.

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The NCAA men’s basketball tournament is down to the last 16 teams, representing schools both large and small. Here’s a glance at each team’s revenue and net income from the 2011-12 school year.

Financial data from the U.S. Department of Education

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florida gulf coast, ncaa basketball

Florida Gulf Coast

One of the Cinderella stories of this year’s tournament, Fort Myers-based Florida Gulf Coast made just a $52,000 profit from its basketball program. It posted revenue of $1.2 million, while spending a total of $9.7 million across all sports programs.

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la salle, ncaa basketball

La Salle

LaSalle University, located in Philadelphia, brought in revenue of $2.3 million and recorded a $300,000 profit. Sports expenditures totaled $12.9 million.

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wichita state, ncaa basketball

Wichita State

Wichita State made slightly more than La Salle, with net income checking in at $400,000. Basketball revenue was $5 million, and total spending on sports programs was $19.5 million.

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florida gators, ncaa basketball

Florida

The Florida Gators are not a stranger to the NCAA tournament but made only $1.7 million last year. The team’s revenue was $10.1 million. Meanwhile, the school spent $111 million on sports, the second-highest total out of this year’s tournament contestants.

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oregon ducks, ncaa basketball

Oregon

Oregon University’s basketball team recorded net income of $2.3 million and revenue of $8.1 million during the last school year. Total sports expenditures hit $70 million.

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kansas jayhawks, ncaa basketball

Kansas

Kansas University, another frequent visitor to the Sweet 16, lost to Kentucky in last year’s championship game. Its basketball profit was $3.7 million, while revenue totaled $16.4 million. Kansas spent $79 million overall on sports.

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miami hurricanes, ncaa basketball

Miami

Miami made $3.7 million from its men’s basketball program, which posted revenue of $9.4 million. The Hurricanes spent a total of $62 million on sports.

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michigan wolverines, ncaa basketball

Michigan

The Wolverines spent $100 million on its sports teams, the third highest total out of this year’s Sweet 16 schools. Its basketball team made $3.9 million, and revenue was $9.8 million.

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marquette, ncaa basketball

Marquette

Marquette posted a $4.4 million profit last year, while revenue checked in at $14.3 million. Overall, sports expenses at Marquette totaled $26 million.

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indiana hoosiers, ncaa basketball

Indiana

The Hoosiers may be a No. 1 seed, but they rank seventh in profit. Indiana earned net income of $8.7 million and revenue of $17.9 million, while spending on sports programs hit $67 million.

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michigan state, ncaa basketball

Michigan State

The Spartans made a $9.4 million profit last season on revenue of $19.2 million, fifth best out of this group. Total sports expenditures were $73 million.

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duke blue devils, ncaa basketball

Duke

Duke recorded a $9.7 million profit and the third highest revenue, $25.6. Sports cost the Blue Devils a total of $78 million.

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syracuse orange, ncaa basketball

Syracuse

The second best-grossing team in the Sweet 16, Syracuse brought in $25.8 million in revenue. The team earned net income of $11.6 million, and total sports expenses at the school were $69 million.

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arizona wildcats, ncaa basketball

Arizona

Arizona’s profit last season was $12.4 million, revenue checked in at $20.3 million and sports expenses for the Wildcats totaled $74 million.

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ohio state, ncaa basketball

Ohio State

Ohio State generated revenue of $18.8 million from the basketball team, while the school spends the most on sports—$116 million. The team’s earnings of $12.9 million represent the second highest profit, but falls well short of the top-grossing team in the Sweet 16.

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louisville cardinals, ncaa basketball

Louisville

The Louisville Cardinals, who earned a top seed in the tournament’s Midwest region, are easily the top team in profit and revenue. Louisville earned $27 million last year amid a whopping $42.4 million in revenue, while the school’s total sports expenses were $84 million.

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The NCAA’s Sweet 16 -- In Dollars

The NCAA men’s basketball tournament is down to the last 16 teams, representing schools both large and small. Here’s a glance at each team’s revenue and net income from the 2011-12 school year.

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