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NYC Gazette

Thursday, July 4, 2024

2023 sees New York County investing $3,389,507 in men’s basketball teams

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Alan Kadish, M.D. President | Touro College

Alan Kadish, M.D. President | Touro College

New York County spent $3,389,507 on men’s collegiate basketball teams in 2023, representing a 2.1% decrease from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $6,982,079, with men’s teams receiving $3,389,507.

Since 2010, the average sports expenses in New York County have grown 67.6%.

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 New York County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$3,389,5075.2%$64,800,158
2022$3,463,4675.8%$59,712,514
2021$926,5363%$31,015,569
2020$3,824,4556.8%$56,168,548
2019$3,862,0596.1%$63,255,977

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