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Thursday, November 21, 2024

Wise County’s institutions spent $371,865 on men’s basketball teams in 2023

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Chancellor Donna Price Henry | University of Virginia\'s College at Wise

Chancellor Donna Price Henry | University of Virginia\'s College at Wise

Wise County spent $371,865 on men’s collegiate basketball teams in 2023, representing an 11.1% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $758,899, with the men’s team receiving $371,865.

Since 2010, the average sports expenses in Wise County have grown 147.4%.

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 Wise County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$371,8657.7%$4,848,123
2022$334,8097.5%$4,480,191
2021$311,2927.6%$4,096,319
2020$386,6558.8%$4,395,270
2019$349,7767.2%$4,842,175

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