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Saturday, September 28, 2024

Jefferson County’s institutions spent $21,880,466 on men’s basketball teams in 2023

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President Tori Murden McClure | Spalding University

President Tori Murden McClure | Spalding University

Jefferson County spent $21,880,466 on men’s collegiate basketball teams in 2023, representing a 9.7% decrease from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $29,820,336, with men’s teams receiving $21,880,466.

Since 2010, the average sports expenses in Jefferson County have grown 88.9%.

Basketball is one of the most popular sports played at U.S. colleges, as well as football. NCAA basketball teams are often as popular as NBA teams, and offer a different experience for fans.

In 2022, after a decades-long fight, student-athletes nationwide gained the right to profit from their names, likenesses, and images as a result of a flurry of new state laws and an NCAA policy change.

The basketball fund received around 168.57 million dollars from NCAA revenue in 2020–21.

Men’s Basketball Team's Expenditures of Jefferson County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$21,880,46612.9%$169,427,398
2022$24,243,82915.6%$154,926,578
2021$13,924,03511.4%$122,554,726
2020$21,949,25514.7%$149,670,932
2019$20,694,26613%$158,832,524

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