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North Panhandle Times

Thursday, November 21, 2024

2023 sees Ohio County investing $923,705 in men’s basketball teams

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Dr. Tim Borchers, President | West Liberty University

Dr. Tim Borchers, President | West Liberty University

Ohio County spent $923,705 on men’s collegiate basketball teams in 2023, representing a 13.6% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $1,709,086, with men’s teams receiving $923,705.

Since 2010, the average sports expenses in Ohio County have grown 144.7%.

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 Ohio County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$923,7057.5%$12,272,809
2022$813,1807.2%$11,312,804
2021$807,4157.1%$11,300,270
2020$836,8819%$9,305,086
2019$738,6637.3%$10,181,054

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