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Saturday, September 21, 2024

Kentucky: Rowan County’s men’s basketball teams budget increases 11.2% in 2023

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Jay Morgan President | Morehead State University

Jay Morgan President | Morehead State University

Rowan County spent $1,545,120 on men’s collegiate basketball teams in 2023, representing an 11.2% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $2,669,592, with the men’s team receiving $1,545,120.

Since 2010, the average sports expenses in Rowan County have grown 37.2%.

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 Rowan County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$1,545,12016.5%$9,349,505
2022$1,388,97315.6%$8,926,259
2021$1,115,71216.1%$6,949,063
2020$1,156,43914.3%$8,075,546
2019$1,361,96815.1%$9,000,248

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