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Thursday, November 7, 2024

Knox County’s institutions spent $380,501 on men’s basketball teams in 2023

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David R. Harris President | David R. Harris President

David R. Harris President | David R. Harris President

Knox County spent $380,501 on men’s collegiate basketball teams in 2023, representing a 1.5% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $756,793, with the men’s team receiving $380,501.

Since 2010, the average sports expenses in Knox County have grown 110.9%.

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 Knox County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$380,5014.8%$7,846,228
2022$374,8255.1%$7,307,516
2021$470,9326.7%$7,025,997
2020$382,9165.6%$6,785,764
2019$336,0164.7%$7,165,446

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