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Saturday, November 23, 2024

San Francisco County’s institutions spent $7,534,070 on men’s basketball teams in 2023

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Dr. Elisa Stephens President | Academy of Art University

Dr. Elisa Stephens President | Academy of Art University

San Francisco County spent $7,534,070 on men’s collegiate basketball teams in 2023, representing a 15.5% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $12,182,370, with men’s teams receiving $7,534,070.

Since 2010, the average sports expenses in San Francisco County have grown 93.6%.

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 San Francisco County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$7,534,07017.4%$43,201,108
2022$6,520,81916.7%$39,040,753
2021$4,664,07517.6%$26,475,267
2020$5,611,56415.3%$36,642,730
2019$5,331,77814.5%$36,647,867

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