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Wednesday, December 25, 2024

How much did Broome County spend on basketball teams in 2023?

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Dr. Tony D. Hawkins, President | SUNY Broome Community College

Dr. Tony D. Hawkins, President | SUNY Broome Community College

Broome County's two universities invested $4,118,098 on their basketball teams in 2023, a 5.7% increase over the previous year, according to the U.S. Department of Education.

The county’s funding for the basketball teams comprised 19.5% of all money invested in sports teams in 2023.

The average sports expenses in Broome County have grown 89.6% since 2010.

Binghamton University stood out as the university in Broome County that received the most basketball funding during 2023. The institution received $4,029,585 - or 97.9% 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 Broome County in Last 5 Years
YearBasketball Team's Expenditures% from grand total sport team expenditures
2023$4,118,09819.5%
2022$3,894,41018.9%
2021$3,208,75618.2%
2020$3,874,43019.8%
2019$3,255,59319.8%

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