Quantcast

Charleston Reporter

Monday, December 23, 2024

2023 sees Charleston County investing $7,680,920 in men’s basketball teams

Webp 7i2104o1oag2t80vb184gertqawz

Keith Faulkner, JD, LLM, MBA President | Charleston Southern University

Keith Faulkner, JD, LLM, MBA President | Charleston Southern University

Charleston County spent $7,680,920 on men’s collegiate basketball teams in 2023, representing an 11.8% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $10,705,310, with men’s teams receiving $7,680,920.

Since 2010, the average sports expenses in Charleston County have grown 69%.

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 Charleston County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$7,680,92014.7%$52,210,724
2022$6,867,47813.3%$51,694,092
2021$5,113,19611.5%$44,468,306
2020$5,971,82812.6%$47,256,505
2019$6,011,04612.6%$47,804,548

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate