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North Baltimore Journal

Sunday, November 24, 2024

Maryland: Baltimore County’s men’s basketball teams budget increases 6.4% in 2023

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Valerie Sheares Ashby, President | University of Maryland-Baltimore County

Valerie Sheares Ashby, President | University of Maryland-Baltimore County

Baltimore County spent $5,420,679 on men’s collegiate basketball teams in 2023, representing a 6.4% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $9,741,501, with men’s teams receiving $5,420,679.

Since 2010, the average sports expenses in Baltimore County have grown 63%.

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 Baltimore County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$5,420,6799.5%$57,312,739
2022$5,096,5769.4%$54,122,260
2021$3,968,5128.9%$44,716,900
2020$5,222,1139.9%$52,502,246
2019$4,941,7489.9%$49,758,019

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