SB Nation put together a pretty interesting ranking of college football program values taking into account several things including revenue, attendance, success, and much more.
Pitt fared pretty modestly, coming in at 41st overall out of Division I football programs. More info after the jump.
Still, Pitt managed to top the Big East football members. Yeah, I get it - that doesn't count for all that much, but considering Pitt's very pedestrian success in the conference, the study really shows that Pitt still has value as a program when you add in things such as revenue and academics, where Pitt both rated higher than their No. 41 ranking. Their strong football history also helped.
The Panthers also ranked higher than West Virginia, who was drug down considerably by their academics. Insert appropriate joke here.
Seriously, though - this is anything but scientific. But the thing that stands out is that despite Pitt enduring some struggles in football, they're a relatively attractive addition to a conference for other reasons.