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Thursday, November 21, 2024

Pike County's only institution spent $3,296,056 on basketball teams in 2023

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Jack Hawkins, Jr. Ph.D., Chancellor | Troy University

Jack Hawkins, Jr. Ph.D., Chancellor | Troy University

Pike County's institution invested $3,296,056 on their basketball teams in 2023, a 6.5% increase over the previous year, according to the U.S. Department of Education.

The county’s funding for the basketball teams comprised 11.4% of all money invested in sports teams in 2023.

The average sports expenses in Pike County have grown 89.5% since 2010.

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 the 2020–21 school year.

Basketball Team's Expenditures in Pike County in Last 5 Years
YearBasketball Team's Expenditures% from grand total sport team expenditures
2023$3,296,05611.4%
2022$3,093,66310.6%
2021$2,650,02111.4%
2020$3,886,38514.2%
2019$4,658,24214.2%

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