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East Montgomery Times

Saturday, September 21, 2024

2023 sees Montgomery County investing $1,937,646 in men’s basketball teams

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President Deanne H. D\'Emilio, JD | Gwynedd Mercy University

President Deanne H. D\'Emilio, JD | Gwynedd Mercy University

Montgomery County spent $1,937,646 on men’s collegiate basketball teams in 2023, representing a 21.6% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $3,163,442, with men’s teams receiving $1,937,646.

Since 2010, the average sports expenses in Montgomery County have grown 104.2%.

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 Montgomery County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$1,937,64610.3%$18,731,093
2022$1,593,1509.9%$16,171,148
2021$741,5496.6%$11,179,061
2020$1,445,3699.5%$15,149,321
2019$1,461,8809.6%$15,302,334

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