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Saturday, November 23, 2024

Fairfield County’s institutions spent $5,841,634 on men’s basketball teams in 2023

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Mark R. Nemec, PhD, President | Fairfield University

Mark R. Nemec, PhD, President | Fairfield University

Fairfield County spent $5,841,634 on men’s collegiate basketball teams in 2023, representing a 7.2% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $11,285,114, with men’s teams receiving $5,841,634.

Since 2010, the average sports expenses in Fairfield County have grown 84.4%.

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 Fairfield County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$5,841,6347.9%$74,172,692
2022$5,448,5278.3%$65,358,329
2021$3,876,4087.1%$54,369,681
2020$5,051,6568.9%$56,986,593
2019$5,684,4879.5%$60,086,613

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