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Sunday, December 22, 2024

New York: Tompkins County’s men’s basketball teams budget increases 14.5% in 2023

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Dr. Amy Kremenek Manor College President | Tompkins Cortland Community College

Dr. Amy Kremenek Manor College President | Tompkins Cortland Community College

Tompkins County spent $1,575,081 on men’s collegiate basketball teams in 2023, representing a 14.5% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $2,907,236, with men’s teams receiving $1,575,081.

Since 2010, the average sports expenses in Tompkins County have grown 84.3%.

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 Tompkins County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$1,575,0813.6%$43,999,460
2022$1,376,0383.1%$44,033,962
2021$00%$22,940,901
2020$1,386,7314.2%$33,353,711
2019$1,413,8144%$35,040,178

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