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Monmouth Times

Saturday, September 28, 2024

New Jersey: Monmouth County’s men’s basketball teams budget increases 9.5% 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 spent $3,087,412 on men’s collegiate basketball teams in 2023, representing a 9.5% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $5,218,668, with men’s teams receiving $3,087,412.

Since 2010, the average sports expenses in Monmouth County have grown 152.4%.

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 Monmouth County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$3,087,4129.8%$31,355,105
2022$2,820,0239.1%$30,857,061
2021$2,387,3429.1%$26,185,893
2020$3,141,64810.4%$30,208,624
2019$2,828,64710.7%$26,519,950

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