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How Much Revenue Did Each ACC Men's Basketball Team Generate in 2014-2015?

How much revenue did Wake Forest generate?

Jeremy Brevard-USA TODAY Sports

We all know that college basketball programs make a lot of money. But just how much money is "a lot of money"? The Triad Business Journal found statistics from the U.S. Department of Education for the 2014-2015 season. Where does Wake Forest stand and what does that say about the fan base?

Rank Team Revenue (2014-2015) Wins (2014/2015) Revnue Per Win
1 Louisville $45,835,799 27 $1,697,622.19
2 Duke $33,772,145 35 $964,918.43
3 Syracuse $29,354,167 18 $1,630,787.06
4 North Carolina $20,771,541 26 $798,905.42
5 Pittsburgh $14,926,723 19 $785,617.00
6 NC State $13,503,773 22 $613,807.86
7 Florida State $10,993,814 17 $646,694.94
8 Virginia $9,954,632 30 $331,821.07
9 Virginia Tech $9,159,034 11 $832,639.45
10 Wake Forest $7,492,904 13 $576,377.23
11 Boston College $6,805,525 13 $523,501.92
12 Miami $6,759,936 25 $270,397.44
13 Clemson $6,670,724 16 $416,920.25
14 Georgia Tech $6,632,045 12 $552,670.42
15 Notre Dame $3,533,991 32 $110,437.22

Original source: Triad Business Journal

The definition of revenue is "all revenues attributable to intercollegiate athletic activities. This includes revenues from appearance guarantees and options, contributions from alumni and others, institutional royalties, signage and other sponsorships, sport camps, state or other government support, student activity fees, ticket and luxury box sales, and any other revenues attributable to intercollegiate athletic activities."

My take on these revenue numbers is that it's remarkable that Wake Forest ranks 10th. This data is all from the 2014-2015 season, which is Danny Manning's first year. The fact that Wake Forest was still able to come in 10th, despite coming off of 4 seasons of Jeff Bzdelik, and only winning 13 games during the 2014-2015 season says a lot about the passion that the fan base truly has. Miami had nearly double the wins that Wake Forest did, yet Wake brought in $700,000 more in revenue.

Wake's fan base is small, but it's very passionate. The support has waned over recent years, but that's a natural reaction to the product that has been on the court. Wake fans are begging for a winner to be on the court, and I can guarantee that a winning team will be met with outstanding support from the fan base. It has been six years since Wake Forest heard its name called on Selection Sunday for any postseason tournament, and this drought has had one positive. The positive is that when Wake Forest does become good again, and Wake will become good again, those teams will be met with great support. The fans will no longer take for granted the talent on the court, and will come out in major numbers to support the team.

Wake Forest has the smallest fan base of Power 5 schools. That's just a numbers game based on enrollment. But don't mistake quantity for quality. Wake has passionate fans who desperately want to see this program return to where it belongs. These numbers made me proud to be a Wake Forest fan, and I hope to see Wake continue to rise up that list in the years to come.