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Thursday, November 21, 2024

2023 sees Salt Lake County investing $12,895,140 in men’s basketball teams

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Taylor R. Randall , President | University of Utah

Taylor R. Randall , President | University of Utah

Salt Lake County spent $12,895,140 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 $18,226,999, with men’s teams receiving $12,895,140.

Since 2010, the average sports expenses in Salt Lake County have grown 239.8%.

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 Salt Lake County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$12,895,14010.8%$119,504,592
2022$11,347,68611.5%$98,760,917
2021$9,488,04112.1%$78,344,521
2020$9,679,80810.5%$91,768,714
2019$9,906,44210.6%$93,140,535

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