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Men's Basketball Ranked Among Top-20 Most Valuable College Basketball Programs by Forbes Magazine




April 12, 2010

Forbes Magazine Rankings |

PITTSBURGH¯For the second consecutive year, the Pitt Basketball program was listed among the nation's top-20 most valuable college basketball programs by Forbes Magazine. Pitt was ranked No. 18 and was one of only three Big East schools to be listed among the top-20. Four factors were measured in the magazine's evaluation: value of contributions to the university, net profit generated from the basketball program, estimated value to conference and estimated direct spending by visitors to the county attributable to basketball games.

 

Over the last nine seasons (2001-10), Pitt Basketball has proved to be one of the nation's top-5 winningest college basketball programs, compiling a record of 245-65 (.790). Pitt also ranks among the nation's top-5 programs in most NCAA Sweet Sixteen appearances over the last nine seasons. By reaching the NCAA Tournament in 2010, Pitt became one of only seven schools nationwide to reach the tournament in each of the last nine seasons (2001-10). The seven schools include Duke, Gonzaga, Kansas, Michigan State, Pitt, Texas and Wisconsin.

 

Pitt also enjoys a tremendous home court advantage as it concluded its eighth year in the Petersen Events Center with a 132-11 all-time record and .923 winning percentage (16-0 in 2002-03, 19-1 in 2003-04, 13-4 in 2004-05, 16-1 in 2005-06, 16-2 in 2006-07, 16-2 in 2007-08, 19-0 in 2008-09 and 17-1 in 2009-10). The 132-11 record and .923 winning percentage ranks among the nation's top-5 best marks since the arena opened in 2002 (Kansas-.949, Gonzaga-.935, Duke-.931, Wisconsin-.925, Pitt-.923).


 

 

 

In addition, Pitt enjoys outstanding fan support. Pitt has recorded 150 consecutive home sellouts, has a season-ticket waiting list of over 3,000 members and has set school records for attendance average and season attendance over the last nine seasons. The Petersen Events Center also boasts one of college basketball's best student spirit sections: the Oakland Zoo. The Zoo has been profiled in the Wall Street Journal, and has been featured on ESPN in various segments including ESPNU Campus Connection Week on January 19th, 2009 and "College Basketball GameDay" in January 13th, 2007. According to an anonymous poll of league players published by Sports Illustrated, the Oakland Zoo has helped to make the Petersen Events Center the "Toughest Place to Play" in the Big East Conference.

 

Each year, Pitt plays on television an average of 28 times per season. Over the past nine seasons (2001-10), Pitt Basketball has appeared on television 249 times. Included in that total are 142 national TV games and 107 regional/local televised games. The Big East also owns the finest television contracts of its kind with both ESPN and CBS for men's basketball coverage.

 

With his 188 career wins, Head Coach Jamie Dixon tied the NCAA Division I all-time coaching record for most wins after seven seasons as a head coach. With his .777 winning percentage, Dixon concluded his seventh season ranked as the third winningest active coach in NCAA Division I, as he currently trails Gonzaga's Mark Few (.802) and North Carolina's Roy Williams (.795).

 

The Panthers surpassed 20 wins overall and 10 wins in Big East regular season play for a school record ninth consecutive year. Additionally Pitt is one of only three schools nationally and the only Big East program to advance to the NCAA Tournament and win 20 overall games and 10 league games in each of the last nine seasons: Gonzaga, Kansas and Pitt.

 

The program has also experienced success in other markets. Pitt was recently named Madison Square Garden's "Team of the Decade" and Dixon selected as its "Coach of the Decade."

 

FORBES MAGAZINE TOP-20 MOST VALUABLE COLLEGE BASKETBALL PROGRAMS

 

Evaluated by Forbes Magazine on these factors:

1.     Value of contributions to the university

2.     Net profit generated from basketball program

3.     Value estimated to conference

4.     Estimated direct spending by visitors to the county attributable to basketball games

 

FORBES MAGAZINE TOP-20 COLLEGE BASKETBALL PROGRAMS

 

Program

$million value

$million profit

Previous rank

Metro Population

North Carolina

29.0

17.7

1

0.5

Kentucky

26.2

16.1

2

0.4

Louisville

26.0

16.9

3

1.2

Kansas

24.0

15.2

5

0.1

Illinois

20.8

13.9

7

0.2

Indiana

20.5

14.2

4

0.2

Ohio State

18.3

11.4

10

1.8

Syracuse

17.0

9.0

12

0.7

UCLA

16.8

8.7

13

9.9

Arizona

16.6

8.5

6

1.1

Duke

16.4

5.6

8

0.5

Wisconsin

16.3

10.1

11

0.5

Maryland

15.5

9.5

9

4.1

Arkansas

14.6

10.0

15

0.4

Xavier

14.4

9.1

17

2.2

Tennessee

14.1

8.6

NR

0.7

Minnesota

13.5

8.9

NR

3.3

PITT

13.2

6.5

20

2.3

Michigan State

13.0

6.6

14

0.4

UNLV

12.9

8.3

16

1.8

 

 

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