Among other factors, the study examined each program's revenues and expenses and made cash-flow adjustments, risk assessments and growth projections for every school.
Louisville blew away the field in part because of the massive revenues it has been making at the recently built KFC Yum! Center. The Cardinals, who began playing in the 22,000-seat arena in the fall of 2010, reported $40.9 million in revenue in the last fiscal year, according to government data—nearly $12 million more than any other team.