Wednesday, November 28, 2007

Worst Football Team, But Still the Most Valuable

Worst Football Team, But Still the Most Valuable

Despite our horrendous football season, we still topped Forbe's list as the Most Valuable Program in College Football. Here's part of the press release.

According to Forbes, "The University of Notre Dame Fighting Irish, worth $101 million, is the most valuable team in college football. Unlike the other programs on our list, Notre Dame's athletic department operates under the umbrella of the university and is not run as its own distinct entity. As a result, a much higher share of profits are retained by university for academic use. The football team's contribution to academics totaled $21.1 million for the 2006-2007 season--that's as much as the next five most valuable teams contributed to their respective schools combined. Operating independent of the conference system allows Notre Dame to keep the entire $9 million in annual television revenue it gets from NBC, owned by General Electric."

Here are the Forbes.com rankings (value and profit listed in millions of dollars): School Value Profit Comment

1. Notre Dame $101 $45.8 Football contributed $21.1 M (million) to academic programs
2. Texas $92 $46.2 Earns $12 M annually from premium seating, with more to come
3. Georgia $90 $43.5 $60.3 M in football revenue last year was highest in SEC
4. Michigan $85 $36.2 Next year brings 83 luxury suites and 3,200 club seats at $226 M cost
5. Florida $84 $38.2 Revenue last year increased $11 M to $58.9 M in title season

6. LSU $76 $31.7 Addition of eighth home game added 11% to value in one year
7. Tennessee $74 $17.3* Four renovations in 10 years have added 10,000 seats and 78 suites
* Football program also contributed $16.2 M in donations to Volunteer Athletic & Scholarship Fund via ticket reservation fees
8. Auburn $73 $33.9 Home games produce $50 M in incremental spending in Lee County
9. Alabama $72 $31.8 Saban's $4 M salary is highest in college football history
10. Ohio State $71 $26.6 Bucks led Big Ten in revenue at $59.1 M, also led expenses at $32.5 M

11. Oklahoma $70 $18.5 2004 renovation added 27 suites and 2,500 club seats
12. So. Carolina $69 $28.9 Value increased 22% last year, best of top 20 teams
13. Penn State $69 $29.4 Second-largest stadium in country sells out every game
14. USC $53 $13 Most valuable Pac-10 program saw value go up 7% in last year
15. Arkansas $53 $19.3 Incremental spending in county: $7.3 M per home game

16. Texas A&M $50 $20.5 Projecting $9.5 M in broadcast revenue next season
17. Washington $50 $19.9 AD Todd Turner lobbying for expansion of stadium
18. Nebraska $49 $12.4 ----------
19. Mich. State $44 $18.3 Plans larger contribution to academics via Big Ten Network revenue
20. Wisconsin $43 $14.3 Fell five spots due to $7.6 M decrease in profits from a year ago

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