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Saturday, November 23, 2024

Rhode Island: Newport County’s men’s basketball teams budget increases 21.6% in 2023

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Dr. Kelli J. Armstrong - Salve Regina University President | Salve Regina University

Dr. Kelli J. Armstrong - Salve Regina University President | Salve Regina University

Newport County spent $107,257 on men’s collegiate basketball teams in 2023, representing a 21.6% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $251,830, with the men’s team receiving $107,257.

Since 2010, the average sports expenses in Newport County have grown 152.9%.

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 Newport County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$107,2572.6%$4,127,889
2022$88,1922.9%$3,064,640
2021$00%$2,284,183
2020$99,7034.2%$2,395,069
2019$90,4884.6%$1,983,056

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