Forbes ranks the Maryland Terrapins men’s basketball team as the 18th most valuable team in college basketball.
What? Are you serious?!
The Maryland Terrapins men’s basketball team is ranked once again.
Unfortunately, it’s not for their play on the court. This ranking is all about the money.
Forbes.com recently ranked the top-25 most valuable college basketball teams in the country and Maryland found their way back onto the list.
Currently, the total team value stands at $11.9 million. That is a -21% change from last year when they were worth $15.1 million.
As far as profit goes, the Terrapins brought in $7.8 million this year. Their profits are down compared to last years $9.7 million.
A midst all the financial troubles Maryland athletics has faced in recent years, the men’s basketball program as helped in keeping their heads above water. Recently, seven athletic programs had to be cut due to the school’s financial problems.
Maryland is leaving for the Big Ten in the 2014-2015 season and will see greater help financially from a conference that has money flowing out of their pockets.
Though Maryland fans have not had much to cheer about since Mark Turgeon took over the program, this is a a bright spot that will hopefully lead to a brighter future for this program.
With Maryland ranked #18 on the Forbes most valuable college basketball teams, here is a look at some of the other teams in the top-20.
1. Louisville Cardinals – Total Team Value: $39.5 million
4. North Carolina Tar Hells – Total Team Value: $25.7 million
5. Indiana Hoosiers – Total Team Value: $25.4 million
7. Ohio State Buckeyes – Total Team Value: $22.9 million
10. Duke Blue Devils – Total Team Value – $18.9 million
20. Arkansas Razor Backs – Total Team Value – $11 million
View the entire list here.
Tags: Maryland Terrapins