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Monmouth Times

Saturday, November 23, 2024

Monmouth County's universities spent $6,272,313 on football teams in 2023

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Patrick F. Leahy, Ed.D. - Monmouth University President | Monmouth University

Patrick F. Leahy, Ed.D. - Monmouth University President | Monmouth University

Monmouth County's two colleges invested $6,272,313 on their football teams in 2023, an increase in funding from the previous year, according to the U.S. Department of Education.

This represents 20% of all money invested on sport teams at the two colleges in the county during 2023.

The average sports expenses at Monmouth County have grown 152.4% since 2010.

Monmouth University stood out as the university in Monmouth County which received the most football funding during 2023. The institution received $6,272,313 — or 100% 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 Monmouth County in Last 5 Years
YearFootball Team's Expenditures% from grand total sport team expenditures
2023$6,272,31320%
2022$6,231,64120.2%
2021$5,431,52120.7%
2020$6,319,31920.9%
2019$5,215,21919.7%

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