Quantcast

North Boston News

Tuesday, December 3, 2024

Massachusetts: Essex County’s men’s basketball teams budget increases 22.7% in 2023

Webp rb322owskx6carvd0miqipsyaw14

John D. Keenan President | Salem State University

John D. Keenan President | Salem State University

Essex County spent $2,430,715 on men’s collegiate basketball teams in 2023, representing a 22.7% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $4,331,448, with men’s teams receiving $2,430,715.

Since 2010, the average sports expenses in Essex County have grown 241.5%.

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 Essex County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$2,430,7156.4%$37,909,372
2022$1,981,2065.7%$34,582,622
2021$1,594,2555.6%$28,380,796
2020$1,761,1445.3%$33,332,640
2019$1,368,0764.7%$29,330,603

MORE NEWS