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Friday, November 8, 2024

2023 sees Carter County investing $702,209 in men’s basketball teams

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William B. Greer President | Milligan University

William B. Greer President | Milligan University

Carter County spent $702,209 on men’s collegiate basketball teams in 2023, representing an 8.2% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $1,179,860, with the men’s team receiving $702,209.

Since 2016, the average sports expenses in Carter County have grown 133%.

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 Carter County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$702,2097.2%$9,712,903
2022$648,7528.1%$7,981,132
2021$541,4947.5%$7,178,522
2020$357,6846.8%$5,287,923
2019$377,6726.9%$5,458,939

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