Quantcast

Syracuse Sun

Thursday, November 7, 2024

New York: Madison County’s men’s basketball teams budget increases 11.7% in 2023

Webp 9moj8r6v8vrqmfaaceahhi63i2t1

Dr. David E. Rogers President | SUNY Morrisville

Dr. David E. Rogers President | SUNY Morrisville

Madison County spent $2,925,678 on men’s collegiate basketball teams in 2023, representing an 11.7% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $5,229,901, with men’s teams receiving $2,925,678.

Since 2010, the average sports expenses in Madison County have grown 172.6%.

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$2,925,6787.2%$40,359,057
2022$2,618,0707.2%$36,295,120
2021$1,995,0676.6%$30,379,431
2020$2,566,0527.4%$34,692,086
2019$2,345,2607%$33,411,850

MORE NEWS