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Thursday, November 21, 2024

Texas: Smith County’s men’s basketball teams budget increases 7% in 2023

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Dwight J. Fennell, Sr., President | Texas College

Dwight J. Fennell, Sr., President | Texas College

Smith County spent $1,223,667 on men’s collegiate basketball teams in 2023, representing a 7% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $2,438,105, with men’s teams receiving $1,223,667.

Since 2010, the average sports expenses in Smith County have grown 175%.

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 Smith County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$1,223,6678.3%$14,726,001
2022$1,143,1778.6%$13,251,719
2021$894,5868.9%$10,096,089
2020$955,7728.5%$11,308,931
2019$765,6748.2%$9,360,190

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