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Durham Reporter

Tuesday, November 5, 2024

North Carolina: Durham County’s men’s basketball teams budget decreases 23.1% in 2023

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Vincent E. Price President of Duke University | Official Website

Vincent E. Price President of Duke University | Official Website

Durham County spent $22,959,983 on men’s collegiate basketball teams in 2023, representing a 23.1% decrease from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $32,315,905, with men’s teams receiving $22,959,983.

Since 2010, the average sports expenses in Durham County have grown 116.5%.

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 Durham County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$22,959,98314.2%$161,794,335
2022$29,872,26818.5%$161,356,394
2021$15,830,64514.2%$111,242,385
2020$21,774,24018%$120,658,496
2019$23,889,28418.3%$130,533,070

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