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Friday, November 22, 2024

Texas: Lubbock County’s men’s basketball teams budget increases 36.4% in 2023

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Scott McDowell, Ed.D., President | Lubbock Christian University

Scott McDowell, Ed.D., President | Lubbock Christian University

Lubbock County spent $16,955,074 on men’s collegiate basketball teams in 2023, representing a 36.4% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $23,269,254, with men’s teams receiving $16,955,074.

Since 2010, the average sports expenses in Lubbock County have grown 160.6%.

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 Lubbock County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$16,955,07414%$121,110,550
2022$12,427,23611.8%$105,144,931
2021$9,468,39811.6%$81,597,615
2020$12,212,90714.4%$85,050,767
2019$13,005,95614.5%$89,544,644

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