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Thursday, November 21, 2024

Albany County's universities spent $4,494,578 on football teams in 2023

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Toyin Tofade, MS, PharmD, BCPS, CPCC, FFIP,, President | Albany College of Pharmacy and Health Sciences

Toyin Tofade, MS, PharmD, BCPS, CPCC, FFIP,, President | Albany College of Pharmacy and Health Sciences

Albany County's five colleges invested $4,494,578 on their football teams in 2023, an increase in funding from the previous year, according to the U.S. Department of Education.

This represents 10.4% of all money invested on sport teams at the five colleges in the county during 2023.

The average sports expenses at Albany County have grown 17.7% since 2010.

SUNY at Albany stood out as the university in Albany County which received the most football funding during 2023. The institution received $4,494,578 — or 100% of all the money destined to football teams.

College football is one of the biggest sports in the U.S., with some college teams eclipsing NFL teams in terms of attendance and profit.

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.

Football Team's Expenditures in Albany County in Last 5 Years
YearFootball Team's Expenditures% from grand total sport team expenditures
2023$4,494,57810.4%
2022$4,398,09710%
2021$4,296,03911.4%
2020$4,574,70410.8%
2019$4,450,0959.8%

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