Generic Cardinal basketball

LOUISVILLE, Ky. (WDRB) -- Forbes says the University of Louisville is college basketball's most valuable team.

The magazine says U of L turned a $23 million profit in 2018. That's more profitable than NBA franchises like the Cleveland Cavaliers, Oklahoma City Thunder, and Charlotte Hornets.

The Kentucky Wildcats ranked second.

UK has averaged $49 million in revenue and almost $23 million in profits over the past three years.

The Indiana Hoosiers were ranked third, followed by Duke and Kansas.

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