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Friday, November 1, 2024

Olmsted County’s institutions spent $98,484 on men’s basketball teams in 2023

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Jeffery S. Boyd, Ed.D. President | Rochester Community and Technical College

Jeffery S. Boyd, Ed.D. President | Rochester Community and Technical College

Olmsted County spent $98,484 on men’s collegiate basketball teams in 2023, representing a 39.5% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $160,994, with the men’s team receiving $98,484.

Since 2010, the average sports expenses in Olmsted County have grown 100.7%.

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 Olmsted County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$98,4849.9%$991,229
2022$70,6007.9%$898,853
2021$53,8717.6%$710,916
2020$82,1718.6%$958,462
2019$84,6918.7%$978,084

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