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Jefferson Reporter

Sunday, September 29, 2024

2023 sees Jefferson County investing $8,737,465 in men’s basketball teams

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Ray L. Watts, M.D., President | University of Alabama at Birmingham

Ray L. Watts, M.D., President | University of Alabama at Birmingham

Jefferson County spent $8,737,465 on men’s collegiate basketball teams in 2023, representing an 8% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $13,305,340, with men’s teams receiving $8,737,465.

Since 2010, the average sports expenses in Jefferson County have grown 67.8%.

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 Jefferson County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$8,737,46511.9%$73,498,991
2022$8,091,32111.2%$72,540,184
2021$6,577,67510.4%$63,533,121
2020$6,949,15510.6%$65,333,984
2019$6,450,6899.8%$66,137,789

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