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Hamilton Reporter

Saturday, November 23, 2024

Tennessee: Hamilton County’s men’s basketball teams budget decreases 7.8% in 2023

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Steven R. Angle, Ph.D. Chancellor | The University of Tennessee-Chattanooga

Steven R. Angle, Ph.D. Chancellor | The University of Tennessee-Chattanooga

Hamilton County spent $2,187,606 on men’s collegiate basketball teams in 2023, representing a 7.8% decrease from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $3,952,733, with men’s teams receiving $2,187,606.

Since 2010, the average sports expenses in Hamilton County have grown 98%.

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 Hamilton County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$2,187,6069.4%$23,385,235
2022$2,373,35310.6%$22,362,261
2021$1,864,17410.5%$17,786,217
2020$2,261,70711.2%$20,108,096
2019$2,221,47711.5%$19,310,516

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