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Friday, November 22, 2024

Rensselaer County's football teams receive $905,786 in 2023

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Martin A. Schmidt, President | Rensselaer Polytechnic Institute

Martin A. Schmidt, President | Rensselaer Polytechnic Institute

Rensselaer County's three colleges invested $905,786 on their football teams in 2023, a 13.9% increase in funding from the previous year, according to the U.S. Department of Education.

This represents 6% of all money invested on sport teams at the three colleges in the county during 2023.

The average sports expenses at Rensselaer County have grown 29.3% since 2010.

Rensselaer Polytechnic Institute stood out as the university in Rensselaer County which received the most football funding during 2023. The institution received $795,596 — or 87.8% 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 Rensselaer County in Last 5 Years
YearFootball Team's Expenditures% from grand total sport team expenditures
2023$905,7866%
2022$795,4275.6%
2021$00%
2020$708,8295.2%
2019$812,1585.8%

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