The Texas Longhorns are the most valuable team in college sports.
Forbes magazine says Texas has a team value of $119 million, easily topping Notre Dame, last year's leader, by $11 million.
The magazine based its rankings on "dividend money," or what's left for academics (including football scholarships) and non-revenue sports after the cost of running the football program. Bowl game revenue also is factored in.
According to Forbes, Texas had a $59 million profit. Notre Dame's team value was $108 million, with a $38 million profit.
Michigan had the biggest drop from last year to No. 11 from No. 4. Nebraska made the biggest improvement to No. 4 from No. 18.