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Niagara Leader

Friday, September 27, 2024

New York: Niagara County’s men’s basketball teams budget increases 18.7% in 2023

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Rev. James J. Maher C.M., President | Niagara University

Rev. James J. Maher C.M., President | Niagara University

Niagara County spent $2,525,652 on men’s collegiate basketball teams in 2023, representing an 18.7% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $4,629,381, with men’s teams receiving $2,525,652.

Since 2010, the average sports expenses in Niagara County have grown 52.1%.

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 Niagara County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$2,525,65216.6%$15,249,607
2022$2,126,89915.1%$14,122,908
2021$1,759,69415.6%$11,264,224
2020$1,801,49615.2%$11,869,394
2019$1,778,01316.1%$11,044,138

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