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Saturday, November 2, 2024

Michigan: Gogebic County’s men’s basketball teams budget increases 15.1% in 2023

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Chris Patritto President at Gogebic Community College | Gogebic Community College

Chris Patritto President at Gogebic Community College | Gogebic Community College

Gogebic County spent $147,683 on men’s collegiate basketball teams in 2023, representing a 15.1% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $250,718, with the men’s team receiving $147,683.

Since 2010, the average sports expenses in Gogebic County have grown 80.3%.

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 Gogebic County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$147,68346.4%$318,460
2022$128,28342.8%$299,600
2021$101,32337.4%$270,648
2020$124,99139%$320,164
2019$80,35130.2%$266,162

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