NC State Is The 12th Most Valuable College Hoops Team

Forbes Magazine has ranked the most valuable men’s college basketball teams, and NC State is firmly on that list:

12. NC State Wolfpack
Team value: $17 million
One-year change: 30%
Profit: $11.3 million
Conference: ACC
Head coach: Mark Gottfried

The Wolfpack’s rapid ascension, with the largest growth in value of any team on our list, ought to come as little surprise to anyone familiar with the school’s recent financial success. NC State has nailed down a new multimedia rights deal (10 years, $49 million), agreed to a more valuable Adidas apparel agreement (four years, $7 million) and surpassed $1 million in licensing revenue for the first time in school history.

Given the interest level in the current team, its legacy and its bright future that’s no surprise.  And if somehow the squad’s on-the-court performance could start matching its economic prowess, the value could go even higher.  The recognition is of course nice, but keep in mind too that a rising tide floats all boats — the more income the men’s hoops and football teams generate, that means there is more money in the NC State Athletics Department to share with the non-revenue sports to not only keep up with the Joneses in facilities, but also to bring in the best coaches and recruiters to bring in the best athletes to compete in NC State uniforms.

 

AD & Department Mark Gottfried NC State NCS Basketball

Home Forums NC State Is The 12th Most Valuable College Hoops Team

This topic contains 7 replies, has 7 voices, and was last updated by  PackerInRussia 5 months, 3 weeks ago.

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  • #49527

    Alpha Wolf
    Keymaster

    Forbes Magazine has ranked the most valuable men’s college basketball teams, and NC State is firmly on that list: 12. NC State Wolfpack Team value: $1
    [See the full post at: NC State Is The 12th Most Valuable College Hoops Team]

    #49544

    ncsu1987
    Participant

    Nice find. Given the overall philosophy of expectations, accountability and aggressive growth since the hire of our new AD, I’m not even a little bit surprised to know that we’re on a rather steep upward trajectory.

    I am absolutely shocked, however, that we’re 12th overall. Makes me wonder what our ceiling might be if, as you say, the on-the-court performance could catch up.

    #49559

    packalum44
    Participant

    Amazing considering we haven’t been a top 25 team in 25 years. (No being ranked for a couple weeks doesn’t count).

    #49560

    Fando
    Participant

    It would be nice if some of this money trickled down to the academic side. Wonder if there is any chance of that?

    #49590

    DrWuffette1day
    Participant

    There’s only one thing that we need to do here. Let’s fire the coach.

    #49596

    redcanine
    Participant

    ^ I hear ya, Doc.

    That’s enough loot to buy out Gott’s contract and hire Darrin Horn.

    #49601

    DrWuffette1day
    Participant

    Redcanine- Second. We would make one heck of a committee. We could bring back Fowler to handle the details. :)

    #49622

    PackerInRussia
    Participant

    $1? I woulda put it at at least a buck fifty.

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