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Baltimore City Wire

Tuesday, December 24, 2024

2023 sees Baltimore city investing $5,176,203 in men’s basketball teams

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Dr. David Kwabena Wilson President | Morgan State University

Dr. David Kwabena Wilson President | Morgan State University

Baltimore city spent $5,176,203 on men’s collegiate basketball teams in 2023, representing a 7.4% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $9,193,552, with men’s teams receiving $5,176,203.

Since 2010, the average sports expenses in Baltimore city have grown 92.1%.

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 city Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$5,176,2038.6%$59,942,183
2022$4,821,1979.3%$51,881,384
2021$3,714,4499.2%$40,568,109
2020$5,230,62610.7%$48,694,644
2019$4,848,7729.5%$50,920,637

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