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Chapel Hill Review

Thursday, November 21, 2024

Orange County’s institutions spent $10,759,922 on men’s basketball teams in 2023

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Lee H. Roberts Chancellor of The University of North Carolina at Chapel Hill | unc.edu

Lee H. Roberts Chancellor of The University of North Carolina at Chapel Hill | unc.edu

Orange County spent $10,759,922 on men’s collegiate basketball teams in 2023, representing a 13.5% decrease from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $16,561,653, with the men’s team receiving $10,759,922.

Since 2010, the average sports expenses in Orange County have grown 103.2%.

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 Orange County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$10,759,9227.9%$136,891,350
2022$12,445,36810.6%$117,437,619
2021$8,116,5978.1%$99,977,454
2020$9,156,5128.5%$107,842,595
2019$11,204,11510.6%$105,407,867

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