Forbes: K-State one of nation’s most valuable college basketball teams

Kansas State is the 19th most valuable college basketball team in the country, according to Forbes.

The Wildcats cracked Forbes’ top-20 list of valuable college basketball teams on Tuesday at a value of $13.6 million.

K-State is new to the top 20 after bringing in $8.1 million in profit within the last year.

The Wildcats’ share of Big 12 distributions increased by more than $1 million last year that, along with increases to ticket sales and contributions, helped it usurp Pittsburgh for the No. 19 spot on our list.

Other notable teams on the list, which was topped by Louisville with a value of $38.5 million: No. 2 Kansas ($32.9 million), No. 4 Kentucky ($32.1 million), No. 7 Wisconsin ($19.8 million), No. 11 Duke ($17.1 million), No. 12 Texas ($16.8 million) and No. 17 Illinois ($14.1 million).