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Lafayette Times

Wednesday, October 16, 2024

Tippecanoe County’s institutions spent $10,494,940 on men’s basketball teams in 2023

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Mung Chiang President | Purdue University-Main Campus

Mung Chiang President | Purdue University-Main Campus

Tippecanoe County spent $10,494,940 on men’s collegiate basketball teams in 2023, representing a 19% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $14,701,134, with the men’s team receiving $10,494,940.

Since 2010, the average sports expenses in Tippecanoe County have grown 80.8%.

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 Tippecanoe County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$10,494,94010%$105,239,251
2022$8,821,8919.8%$89,722,572
2021$6,605,6559.5%$69,246,230
2020$8,286,7559.8%$84,965,161
2019$9,604,62410.6%$90,417,639

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