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Tuesday, November 26, 2024

2023 sees Chester County investing $597,066 in men’s basketball teams

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David Shannon President of Freed-Hardeman University | christianchronicle.org

David Shannon President of Freed-Hardeman University | christianchronicle.org

Chester County spent $597,066 on men’s collegiate basketball teams in 2023, representing a 6.6% decrease from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $1,268,988, with the men’s team receiving $597,066.

Since 2010, the average sports expenses in Chester County have grown 228.4%.

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 Chester County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$597,0667.9%$7,571,673
2022$639,1139.3%$6,907,426
2021$549,2398.8%$6,270,839
2020$511,2579.4%$5,423,311
2019$476,8138.9%$5,356,637

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