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Friday, September 27, 2024

Georgia: Richmond County’s men’s basketball teams budget increases 8.9% in 2023

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Dr. Cheryl Evans Jones, President | Paine College

Dr. Cheryl Evans Jones, President | Paine College

Richmond County spent $742,103 on men’s collegiate basketball teams in 2023, representing an 8.9% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $1,297,961, with men’s teams receiving $742,103.

Since 2010, the average sports expenses in Richmond County have grown 205.4%.

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 Richmond County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$742,10310.6%$7,032,610
2022$681,33610.7%$6,356,764
2021$566,25913.9%$4,085,855
2020$789,71412.6%$6,252,358
2019$805,28012.1%$6,658,953

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