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Wednesday, December 25, 2024

Woodford County’s institutions spent $323,032 on men’s basketball teams in 2023

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Dr. John P. Marsden President | Midway University

Dr. John P. Marsden President | Midway University

Woodford County spent $323,032 on men’s collegiate basketball teams in 2023, representing a 7% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $612,905, with the men’s team receiving $323,032.

Since 2010, the average sports expenses in Woodford County have grown 731.2%.

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 Woodford County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$323,0325.5%$5,840,503
2022$301,7715.9%$5,138,669
2021$328,2477.1%$4,641,337
2020$313,3387.5%$4,204,911
2019$307,2448.2%$3,767,745

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