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Thursday, November 21, 2024

2023 sees Floyd County investing $919,425 in men’s basketball teams

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

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

Floyd County spent $919,425 on men’s collegiate basketball teams in 2023, representing a 15% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $1,842,720, with men’s teams receiving $919,425.

Since 2010, the average sports expenses in Floyd County have grown 6.9%.

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 Floyd County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$919,4255.6%$16,334,371
2022$799,8275.9%$13,499,565
2021$710,4446.3%$11,295,675
2020$815,4135.3%$15,265,191
2019$840,8926.4%$13,226,937

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