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Asheville Reporter

Sunday, December 22, 2024

2023 sees Buncombe County investing $2,124,016 in men’s basketball teams

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Paul J. Maurer President | Montreat College

Paul J. Maurer President | Montreat College

Buncombe County spent $2,124,016 on men’s collegiate basketball teams in 2023, representing a 90.6% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $3,722,106, with men’s teams receiving $2,124,016.

Since 2010, the average sports expenses in Buncombe County have grown 267.3%.

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 Buncombe County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$2,124,01610.8%$19,599,850
2022$1,114,5736.3%$17,560,920
2021$1,742,78812.4%$14,077,873
2020$2,049,74412.2%$16,844,936
2019$1,852,43811.9%$15,612,152

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