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Saturday, November 2, 2024

Miami-Dade County's universities spent $90,924,856 on football teams in 2023

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David A. Armstrong, J.D., President | St. Thomas University

David A. Armstrong, J.D., President | St. Thomas University

Miami-Dade County's seven colleges invested $90,924,856 on their football teams in 2023, an increase in funding from the previous year, according to the U.S. Department of Education.

This represents 39% of all money invested on sport teams at the seven colleges in the county during 2023.

The average sports expenses at Miami-Dade County have grown 138.2% since 2010.

University of Miami stood out as the university in Miami-Dade County which received the most football funding during 2023. The institution received $74,178,024 — or 81.6% of all the money destined to football teams.

College football is one of the biggest sports in the U.S., with some college teams eclipsing NFL teams in terms of attendance and profit.

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.

Football Team's Expenditures in Miami-Dade County in Last 5 Years
YearFootball Team's Expenditures% from grand total sport team expenditures
2023$90,924,85639%
2022$89,213,14241.8%
2021$45,588,64931.7%
2020$62,389,23335.9%
2019$68,028,81438.3%

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