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Friday, November 22, 2024

New York: Bronx County’s men’s basketball teams budget increases 16.5% in 2023

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Tania Tetlow President | Fordham University

Tania Tetlow President | Fordham University

Bronx County spent $11,667,552 on men’s collegiate basketball teams in 2023, representing a 16.5% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $18,761,047, with men’s teams receiving $11,667,552.

Since 2010, the average sports expenses in Bronx County have grown 118%.

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 Bronx County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$11,667,55215.7%$74,279,182
2022$10,012,84914.5%$69,221,949
2021$5,676,00610.3%$55,276,972
2020$8,236,56112.2%$67,707,829
2019$8,411,34312.2%$68,722,106

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