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No Illinois.
There's something else to quack about, Brucey.
1) You can't pick a school with a top flight football program. Florida and Texas are automatically out because no matter how many titles they win, the basketball programs will never be bigger than the football programs. The same is true for Ohio State and Wisconsin.
2) You can't go wrong with long term success. UNC, UCLA, Indiana, Kansas, and Kentucky will always be held to a higher standard than any other program. They've had more success and for longer than anyone else. To put it simply, banners talk.
3) Louisville is another title or two away from joining that elite status. It's in that same category with Duke as "good program but not quite Elite".
4) Georgetown has one title. There are lots of programs with one title. There just isn't a compelling reason to include Georgetown on this list.
5) Memphis plays in an extraordinarily weak conference. They're always going to have inflated win totals. I'll withhold judgement until they win a title (which could be soon).
My personal buys: Indiana, Memphis, and Tennessee.
I don't buy on Ohio State, Florida, or Texas either. Just like football will never compete with basketball at Indiana, basketball will never compete with football at any of these schools. The superstars of these three schools are their football coaches.