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Friday, September 27, 2024

Tennessee: Shelby County’s men’s basketball teams budget decreases 26.2% in 2023

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David L. Archer President | Christian Brothers University website

David L. Archer President | Christian Brothers University website

Shelby County spent $11,364,506 on men’s collegiate basketball teams in 2023, representing a 26.2% decrease from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $16,849,543, with men’s teams receiving $11,364,506.

Since 2010, the average sports expenses in Shelby County have grown 80.3%.

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 Shelby County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$11,364,50614.4%$78,844,987
2022$15,398,01721.8%$70,747,744
2021$7,463,23913%$57,331,627
2020$13,403,53218.3%$73,058,644
2019$9,387,82414.1%$66,600,856

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