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Friday, November 1, 2024

Fairfield County's institutions spent $11,285,114 on basketball teams in 2023

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Dr. Manohar Singh President | Western Connecticut State University

Dr. Manohar Singh President | Western Connecticut State University

Fairfield County's four universities invested $11,285,114 on their basketball teams in 2023, an 8.6% increase over the previous year, according to the U.S. Department of Education.

The county’s funding for the basketball teams comprised 15.2% of all money invested in sports teams in 2023.

The average sports expenses in Fairfield County have grown 84.4% since 2010.

Fairfield University stood out as the university in Fairfield County that received the most basketball funding during 2023. The institution received $6,073,078 - or 53.8% of all the money destined to basketball teams.

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 the 2020–21 school year.

Basketball Team's Expenditures in Fairfield County in Last 5 Years
YearBasketball Team's Expenditures% from grand total sport team expenditures
2023$11,285,11415.2%
2022$10,388,24815.9%
2021$7,101,63413.1%
2020$9,209,68816.2%
2019$9,993,94416.6%

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