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Oneida Times

Monday, November 4, 2024

Oneida County’s institutions spent $817,126 on men’s basketball teams in 2023

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Dr. Todd Pfannestiel, President | Utica University

Dr. Todd Pfannestiel, President | Utica University

Oneida County spent $817,126 on men’s collegiate basketball teams in 2023, representing a 28.2% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $1,422,674, with men’s teams receiving $817,126.

Since 2010, the average sports expenses in Oneida County have grown 150.1%.

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 Oneida County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$817,1265.2%$15,858,133
2022$637,1434.3%$14,670,239
2021$153,2601.5%$10,390,787
2020$681,4735%$13,585,529
2019$639,0194.4%$14,508,227

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