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Thursday, November 21, 2024

2023 sees Hampton city investing $1,310,584 in men’s basketball teams

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Lieutenant General Darrell K. Williams, President | Hampton University

Lieutenant General Darrell K. Williams, President | Hampton University

Hampton city spent $1,310,584 on men’s collegiate basketball teams in 2023, representing a 14.2% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $2,411,174, with men’s teams receiving $1,310,584.

Since 2010, the average sports expenses in Hampton city have dropped 41.6%.

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 Hampton city Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$1,310,58411.5%$11,385,782
2022$1,147,78911.1%$10,326,042
2021$817,45210.5%$7,799,105
2020$1,299,0958.7%$14,921,826
2019$1,460,1379.6%$15,199,103

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