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Sunday, September 22, 2024

Floyd County's universities spent $2,309,877 on football teams in 2023

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Mike Hobbs, Ph. D., President | Georgia Highlands College

Mike Hobbs, Ph. D., President | Georgia Highlands College

Floyd County's three colleges invested $2,309,877 on their football teams in 2023, a 6.2% decrease in funding from the previous year, according to the U.S. Department of Education.

This represents 14.1% of all money invested on sport teams at the three colleges in the county during 2023.

The average sports expenses at Floyd County have grown 6.9% since 2010.

Shorter University stood out as the university in Floyd County which received the most football funding during 2023. The institution received $1,419,959 — or 61.5% of all the money destined to football teams.

College football is one of the biggest sports in the U.S., with some college teams eclipsing NFL teams in terms of attendance and profit.

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.

Football Team's Expenditures in Floyd County in Last 5 Years
YearFootball Team's Expenditures% from grand total sport team expenditures
2023$2,309,87714.1%
2022$2,461,84318.2%
2021$2,020,92717.9%
2020$2,231,45214.6%
2019$2,227,27716.8%

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