IU Among 'Most Valuable' Basketball ProgramsPosted: Updated:
Indiana University men's basketball is on a list of the country's most valuable programs. Forbes ranks the schools based on money generated for athletic departments, academic programming and conferences. The publications ranks IU fifth at more than $25 million, including almost $17 million in profit.
Forbes used financial information from the 2012-2013 season, a season where the team made its second-consecutive Sweet Sixteen appearence.
Results, which include data from the U.S. Department of Education as well as other sources from the schools, suggest IU netted nearly $2 million for the Big Ten Conference.
The four teams ranked higher than IU are:
1. University of Louisville
2. Kansas University
3. University of Kentucky
4. University of North Carolina