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Saturday, September 21, 2024

Oakland County’s institutions spent $3,337,268 on men’s basketball teams in 2023

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Dr. Brian Stogner President, Professor of Psychology | Rochester University

Dr. Brian Stogner President, Professor of Psychology | Rochester University

Oakland County spent $3,337,268 on men’s collegiate basketball teams in 2023, representing a 13.1% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $5,605,825, with men’s teams receiving $3,337,268.

Since 2010, the average sports expenses in Oakland County have grown 116.3%.

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 Oakland County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$3,337,26810%$33,515,491
2022$2,950,9348.6%$34,413,192
2021$2,564,9138.4%$30,358,650
2020$3,231,49912.3%$26,326,846
2019$2,831,08711.5%$24,669,881

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