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South Cumberland News

Thursday, November 21, 2024

Franklin County’s institutions spent $258,182 on men’s basketball teams in 2023

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Robert Wesley Pearigen President The University of the South | new.sewanee.edu

Robert Wesley Pearigen President The University of the South | new.sewanee.edu

Franklin County spent $258,182 on men’s collegiate basketball teams in 2023, representing a 30% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $526,226, with the men’s team receiving $258,182.

Since 2010, the average sports expenses in Franklin County have grown 41.1%.

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 Franklin County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$258,1825.5%$4,717,208
2022$198,6004.7%$4,247,130
2021$142,7543.7%$3,864,673
2020$167,6663.9%$4,261,095
2019$197,4034.9%$4,005,856

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