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Nashville Standard

Friday, November 15, 2024

Davidson County's universities spent $44,086,044 on football teams in 2023

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Dr. Glenda Baskin Glover Ph.D., JD, CPA President | Tennessee State University

Dr. Glenda Baskin Glover Ph.D., JD, CPA President | Tennessee State University

Davidson County's six colleges invested $44,086,044 on their football teams in 2023, a 10.4% increase in funding from the previous year, according to the U.S. Department of Education.

This represents 22.6% of all money invested on sport teams at the six colleges in the county during 2023.

The average sports expenses at Davidson County have grown 159.4% since 2010.

Vanderbilt University stood out as the university in Davidson County which received the most football funding during 2023. The institution received $37,029,861 — or 84% of all the money destined to football teams.

College football is one of the biggest sports in the U.S., with some college teams eclipsing NFL teams in terms of attendance and profit.

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.

Football Team's Expenditures in Davidson County in Last 5 Years
YearFootball Team's Expenditures% from grand total sport team expenditures
2023$44,086,04422.6%
2022$39,925,03623%
2021$42,323,20228.7%
2020$32,756,80323.2%
2019$32,000,51223.1%

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