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Wednesday, September 18, 2024

Cumberland County’s institutions spent $633,022 on men’s basketball teams in 2023

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Safa Zaki President | Bowdoin College

Safa Zaki President | Bowdoin College

Cumberland County spent $633,022 on men’s collegiate basketball teams in 2023, representing a 14.7% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $1,546,530, with men’s teams receiving $633,022.

Since 2010, the average sports expenses in Cumberland County have grown 173.3%.

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 Cumberland County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$633,0223.1%$20,669,936
2022$551,7012.9%$19,228,936
2021$501,4343.6%$13,875,597
2020$509,1092.6%$19,448,389
2019$524,6852.8%$19,042,056

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