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Saturday, September 21, 2024

2023 sees Albany County investing $4,494,578 in men's football teams

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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 spent $4,494,578 on men's collegiate football teams in 2023, an increase of 2.2% over the previous year, according to the U.S. Department of Education.

This translates to roughly 10.4% of all spending for sports teams at the five universities in the county during the 2023 season.

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

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.

Men's 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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