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Saturday, November 16, 2024

Boone County’s institutions spent $14,532,181 on men’s basketball teams in 2023

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Dr. David Russell, Presdent | Columbia College

Dr. David Russell, Presdent | Columbia College

Boone County spent $14,532,181 on men’s collegiate basketball teams in 2023, representing a 36.4% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $19,237,789, with men’s teams receiving $14,532,181.

Since 2010, the average sports expenses in Boone County have grown 134.2%.

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 Boone County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$14,532,18111.2%$129,480,294
2022$10,650,5639.4%$113,235,581
2021$7,673,5888.7%$88,535,545
2020$9,564,9299%$105,917,677
2019$8,774,6418.7%$100,658,204

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