As far as potential of the programs as well as legacy...
Elite of the elite (nuthin really needs to be said here)
Duke
UNC
Kentucky
Kansas
UCLA
Indiana
UConn
Elite (programs that have the ability to be Top 25 year in and out)
St. John -
G'town -
L'Ville -
Nova -
Arizona -
Maryland -
NC State -
Purdue -
Michigan -
Ohio State -
Gonzaga -
Surely they is some I'm missin out on, but from the top of my head these are it.
There are many ways to try to quantify elite.
So for fun- how about looking at final four appearances
http://en.wikipedia.org/wiki/NCAA_Men's_Division_I_Final_Four_appearances_by_school18 North Carolina, UCLA*
15 Duke
14 Kentucky
13 Kansas
10 Ohio State*
8 Indiana, Michigan State, Louisville
6 Arkansas, Cincinnati, Michigan**, Oklahoma State
5 Georgetown, Houston, Illinois
4 Arizona, Connecticut, Florida, Kansas State, LSU, Oklahoma, Syracuse, UNLV, Utah, Villanova*
3 California, Iowa, Marquette, Memphis**, N.C. State, San Francisco, Texas
2 Baylor, Bradley, Butler, CCNY, Colorado, Dartmouth, DePaul, Georgia Tech, Holy Cross, La Salle, Maryland, NYU, Oregon State, Providence, Purdue, St. John's, Stanford, Temple, USC, Virginia, West Virginia, Wisconsin
Based on appearances Ohio State belongs in the "Elite of the Elite"
And sorry to say St Johns & Gonzaga not there... but both could be in 5 years !