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Monday, November 4, 2024

North Carolina: Wayne County’s men’s basketball teams budget decreases in 2023

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Edward Croom, Ed.D., President | University of Mount Olive

Edward Croom, Ed.D., President | University of Mount Olive

Wayne County spent $462,368 on men’s collegiate basketball teams in 2023, representing a 0.4% decrease from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $869,765, with the men’s team receiving $462,368.

Since 2010, the average sports expenses in Wayne County have grown 243%.

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 Wayne County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$462,3685%$9,263,099
2022$464,1405.1%$9,156,178
2021$371,4414.5%$8,263,130
2020$447,2185.6%$8,020,603
2019$388,0266.9%$5,624,941

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