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Upper Cumberland Times

Sunday, November 24, 2024

Putnam County’s institutions spent $1,573,261 on men’s basketball teams in 2023

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Philip Oldham, President | Tennessee Technological University

Philip Oldham, President | Tennessee Technological University

Putnam County spent $1,573,261 on men’s collegiate basketball teams in 2023, representing a 6.1% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $3,013,954, with the men’s team receiving $1,573,261.

Since 2010, the average sports expenses in Putnam County have grown 73.6%.

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 Putnam County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$1,573,2619.5%$16,474,801
2022$1,482,7989.9%$14,993,218
2021$1,316,9229.8%$13,485,792
2020$1,134,8168.3%$13,630,890
2019$1,161,3058.4%$13,780,504

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