The University of Hawaii men’s basketball program would be valued at nearly $13.5 million if it were a pro franchise, according to a study for the Wall Street Journal.
That ranks the Rainbow Warriors 111th among 176 NCAA Division I teams.
The annual study by Ryan Brewer, an assistant professor of finance at Indiana University-Purdue University Columbus, lists teams by what they might be worth on the open market if they could be bought and sold the same as pro franchises. Brewer analyzes revenues and expenses with cash-flow adjustments, risk adjustments and growth projections, WSJ said.
UH’s 2016 valuation was down 2.9 percent from the previous year when the ‘Bows were valued at nearly $14 million.
Kentucky, at $342.6 million, tops the 2016 listings followed by Louisville ($320.1 million), Indiana ($277.8 million), Duke ($190.2 million) and Kansas ($181.4 million).