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Friday, November 1, 2024

Madison County’s institutions spent $1,110,030 on men’s basketball teams in 2023

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President Logan Hampton, Ed.D. | Lane College

President Logan Hampton, Ed.D. | Lane College

Madison County spent $1,110,030 on men’s collegiate basketball teams in 2023, representing a 9.3% decrease from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $2,524,987, with men’s teams receiving $1,110,030.

Since 2010, the average sports expenses in Madison County have grown 87.3%.

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 Madison County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$1,110,03010.5%$10,573,286
2022$1,224,48612.1%$10,146,845
2021$623,0217.4%$8,362,951
2020$1,187,00212.2%$9,694,646
2019$1,409,82512.6%$11,169,111

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