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Thursday, November 21, 2024

Miami-Dade County’s institutions spent $19,311,792 on men’s basketball 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 spent $19,311,792 on men’s collegiate basketball teams in 2023, representing a 31.1% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $30,827,699, with men’s teams receiving $19,311,792.

Since 2010, the average sports expenses in Miami-Dade County have grown 138.2%.

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 Miami-Dade County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$19,311,7928.3%$232,932,018
2022$14,735,4506.9%$213,282,424
2021$11,867,4118.3%$143,718,360
2020$13,516,1257.8%$173,712,478
2019$12,702,3937.2%$177,537,470

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