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Gloucester Today

Tuesday, December 3, 2024

New Jersey: Gloucester County’s men’s basketball teams budget decreases 7.4% in 2023

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Dr. Ali Houshmand President | Rowan University

Dr. Ali Houshmand President | Rowan University

Gloucester County spent $265,335 on men’s collegiate basketball teams in 2023, representing a 7.4% decrease from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $500,656, with men’s teams receiving $265,335.

Since 2010, the average sports expenses in Gloucester County have grown 196.4%.

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 Gloucester County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$265,3353.7%$7,243,697
2022$286,4514.1%$7,038,805
2021$29,1720.6%$5,159,864
2020$341,2545.7%$6,001,565
2019$389,3336.6%$5,916,533