Though not ranked as highly, two other Tennessee schools made CNBC's list: Vanderbilt University and the University of Memphis. Vanderbilt University is ranked at No. 38 with an estimated value of $551 million, nearly $390 million short of its SEC neighbor, UT. Vanderbilt has a revenue of $125 million.

Tennessee has three of the most valuable athletics programs in the nation. CNBC conducted a study to find the top 75 most valuable college athletics programs in the country. The study ranked schools based on their current enterprise value,

Arizona and ASU ranked as two of the most valued college athletics programs in the country, according to a CNBC study released on Thursday:

The University of Oregon’s athletic department is worth $780 million and valued as the 17th most valuable in the country according to a report by financial network CNBC. The report listed the country’s top 75 major college athletic departments.