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Sunday, December 22, 2024

2023 sees Ontario County investing $431,784 in men’s basketball teams

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Dr. Robert Nye, President | Finger Lakes Community College

Dr. Robert Nye, President | Finger Lakes Community College

Ontario County spent $431,784 on men’s collegiate basketball teams in 2023, representing a 37% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $712,134, with men’s teams receiving $431,784.

Since 2010, the average sports expenses in Ontario County have grown 107.7%.

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 Ontario County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$431,7844.1%$10,605,174
2022$315,2733.9%$8,038,528
2021$145,5752.9%$5,088,086
2020$298,2294.4%$6,769,348
2019$337,1384.5%$7,436,840

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