$16 million. That’s how much revenue the Kansas University basketball team generated last year.After deducting the nearly $8 million budget the program has, the basketball team still generates an $8.3 million profit for the Kansas athletic department, good for eighth in the nation.And, Forbes predicts, that ranking is only likely to rise, because of a 10-year, $65 million contract the department signed with Host Communications back in April.The top ranking team was the University of North Carolina Tar Heels, which generates nearly $17 million in profit. No other Big 12 schools made the top 10, though the University of Texas came in at 11 and the University of Missouri was at 12.