March Madness and the Top Line

Everyone has caught March Madness fever. The first two rounds of this landmark tournament sparked more double digit seed upsets than any other year. Yet as we sit here for the sweet 16, all of the number one seeds advanced. It is no surprise to anyone either that NCAA basketball is big business. So much so that in 2014, Ed O’ Bannon, a former basketball star at UCLA won a class action lawsuit against the NCAA.

 

Just how big is NCAA men’s basketball? Fortunately, the Equity in Athletics Disclosure Act (EADA) provides a host of data on NCAA programs. EADA requires Title IV institutions with an intercollegiate athletic program to prepare an annual report to the Department of Education on athletic participation, staffing, and revenues and expenses, by men’s and women’s teams. We used Public Insight to gather revenue data for the past five years for NCAA men’s and women’s basketball teams. There are 1988 institutions that reported nearly $1.9 billion in basketball revenue in 2014-2015. This has grown over 23% in five years. The revenue by institution ranges from less than $10,000 to nearly $46 million.

 

Do big men’s basketball programs pay off? Apparently they do because six of the top ten NCAA basketball revenue producers also have teams in the sweet 16. The top 10 basketball revenue producers in 2014-15 are as follows with sweet 16 status highlighted in yellow:

 

The school with the least amount of basketball revenue in the sweet 16? Surprisingly it is Notre Dame at Number 107 with a pedestrian $3.5 million in basketball revenue. It would probably be a different story if we looked at Notre Dame through the football lens.

 

 

A basketball team within a strong conference is a double-whammy. It is not secret that the Atlantic Coast Conference (ACC) and Big Ten conference are strong as overall conferences. The Atlantic Coast Conference eked out a win in basketball revenues over the Big Ten Conference at $226 million vs. $208 million respectively. Both conferences continue to grow, but the Big Ten has sustained growth of over 25% for the past five years.

 

You can download a spreadsheet of all institutions and their men’s team basketball revenues for the past five years by clicking HERE. We have also provided several pivot tables that rank teams and conferences by revenue product and growth rates.

 

The initial look at the women’s programs yielded some more surprising results. That will be the subject of next week’s blog.

Share This Story

Similar Posts

  • Is the Federal Work Study Program Working?

    Over 4,000 institutions participate in the Federal Work Study Program. This program provides funds for part-time employment to help needy students finance the costs of postsecondary education. For the fiscal year ending June, 2016, $1.16 billion was paid to students under this program. This was roughly the same as the…

  • Out of State Enrollment – Show Me the Money

    When I graduated from high school, I couldn’t wait to go to a university that was far away from home. I landed in NE Indiana at Valparaiso University, which was far from my home state of New Jersey. For students, parents, and institutions, out of state enrollment is a double-edged…

  • COVID-19 Dashboard with NYT Data

    Analyze COVID-19 Cases by National, State and County Level It is important for today’s business leaders to consider the impact of COVID-19 when making decisions and allocating resources. The accuracy of COVID-19 data reported by news sources and online publications goes beyond the numbers themselves, the interpretation of the statistics…

  • Where the Vets Live

    As we approach this Memorial Day Weekend, we pause to remember the sacrifice made on our behalf by our veterans. Nationwide veterans comprise 8% of the population. But there are clusters of populations where veterans comprise much higher percentages of the population. This article from Trulia published in Forbes back…

  • The Debt Service Cost of PLUS Loans

    Last week, we observed that the PLUS loan program continues to escalate both in terms of dollars borrowed and in terms of recipients. Using the newly published Financial Aid Interactive, we projected the number of dollars borrowed by PLUS loan borrowers will increase 1.25 billion for the year ending June,…

  • 12 Colleges with Sustained Enrollment Growth

      According to data collected from the Integrated Postsecondary Education Data System (IPEDS), 60.6% of colleges experienced flat or declining enrollment growth while only 39.4% experienced increasing enrollment growth from 2013-2014. This is also very consistent with statistics from 2012-2013.   College enrollment growth may be hard to sustain and…