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Nashville Standard

Thursday, November 14, 2024

2023 sees Davidson County investing $23,114,452 in men’s basketball teams

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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 spent $23,114,452 on men’s collegiate basketball teams in 2023, representing an 8.6% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $37,163,440, with men’s teams receiving $23,114,452.

Since 2010, the average sports expenses in Davidson County have grown 159.4%.

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 Davidson County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$23,114,45211.9%$194,750,916
2022$21,292,09412.3%$173,534,074
2021$16,553,53011.2%$147,496,284
2020$20,854,55514.8%$140,892,392
2019$19,354,98814%$138,532,764

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