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Staten Island Reporter

Saturday, November 16, 2024

New York: Richmond County’s men’s basketball teams budget increases 20% in 2023

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Angelo Araimo, President | Wagner College

Angelo Araimo, President | Wagner College

Richmond County spent $2,117,013 on men’s collegiate basketball teams in 2023, representing a 20% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $3,903,276, with men’s teams receiving $2,117,013.

Since 2010, the average sports expenses in Richmond County have grown 135.5%.

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 Richmond County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$2,117,0138.5%$24,986,519
2022$1,764,7867.8%$22,650,063
2021$1,634,5148.9%$18,353,464
2020$1,682,5969.6%$17,473,486
2019$1,602,4669.1%$17,582,568

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