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Gateway Reporter

Sunday, December 22, 2024

Virginia: Chesterfield County’s men’s basketball teams budget increases 30.4% in 2023

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President Makola M. Abdullah, Ph.D. | Virginia State University

President Makola M. Abdullah, Ph.D. | Virginia State University

Chesterfield County spent $869,857 on men’s collegiate basketball teams in 2023, representing a 30.4% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $1,595,088, with the men’s team receiving $869,857.

Since 2010, the average sports expenses in Chesterfield County have grown 101.3%.

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 Chesterfield County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$869,85710.8%$8,036,522
2022$666,97211.2%$5,934,874
2021$00%$4,309,186
2020$603,40110.7%$5,630,148
2019$693,04911.3%$6,149,071