Quantcast

Capital District Times

Saturday, September 21, 2024

New York: Rensselaer County's basketball teams budget increases 11.5% in 2023

Webp h91o2gosotl1wib6dd0fqfplfq4e

Roger A. Ramsammy, Ph.D., President | Hudson Valley Community College

Roger A. Ramsammy, Ph.D., President | Hudson Valley Community College

Rensselaer County's three universities invested $763,050 on their basketball teams in 2023, an 11.5% increase over the previous year, according to the U.S. Department of Education.

The county’s funding for the basketball teams comprised 5% of all money invested in sports teams in 2023.

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

Rensselaer Polytechnic Institute stood out as the university in Rensselaer County that received the most basketball funding during 2023. The institution received $492,283 - or 64.5% of all the money destined to basketball teams.

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 the 2020–21 school year.

Basketball Team's Expenditures in Rensselaer County in Last 5 Years
YearBasketball Team's Expenditures% from grand total sport team expenditures
2023$763,0505%
2022$684,4304.8%
2021$198,9192.3%
2020$647,0654.8%
2019$623,2054.5%

MORE NEWS