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Saturday, November 23, 2024

2023 sees Schenectady County investing $201,807 in men’s basketball teams

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President Steady Moono, Ed.D. | Schenectady County Community College

President Steady Moono, Ed.D. | Schenectady County Community College

Schenectady County spent $201,807 on men’s collegiate basketball teams in 2023, representing a 5.8% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $398,377, with men’s teams receiving $201,807.

Since 2010, the average sports expenses in Schenectady County have grown 75.5%.

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 Schenectady County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$201,8072.3%$8,781,960
2022$190,7672.4%$7,831,796
2021$00%$4,007,500
2020$222,4603.6%$6,229,461
2019$180,4512.5%$7,272,981

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