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Tuesday, November 26, 2024

Polk County’s institutions spent $567,215 on men’s basketball teams in 2023

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Kinlee Burke Admissions Counselor | University of Minnesota-Crookston

Kinlee Burke Admissions Counselor | University of Minnesota-Crookston

Polk County spent $567,215 on men’s collegiate basketball teams in 2023, representing a 6.3% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $1,114,595, with the men’s team receiving $567,215.

Since 2010, the average sports expenses in Polk County have grown 85.8%.

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 Polk County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$567,21510.9%$5,190,037
2022$533,46011.8%$4,527,535
2021$496,70813%$3,820,086
2020$518,62810.8%$4,793,294
2019$504,76010.3%$4,912,936

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