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Union County Review

Saturday, November 23, 2024

New Jersey: Union County’s men’s basketball teams budget increases in 2023

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Margaret M. McMenamin, Ed.D., President | Union County College

Margaret M. McMenamin, Ed.D., President | Union County College

Union County spent $246,476 on men’s collegiate basketball teams in 2023, representing a 0.7% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $621,046, with men’s teams receiving $246,476.

Since 2010, the average sports expenses in Union County have grown 97.1%.

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 Union County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$246,4764.7%$5,263,786
2022$244,7505.3%$4,607,666
2021$181,6924.4%$4,159,228
2020$241,7925%$4,815,553
2019$241,5984.7%$5,110,675

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