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Saturday, September 28, 2024

California: Los Angeles County’s men’s basketball teams budget increases 10.8% in 2023

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Dr. Luis Dorado, President | Los Angeles Harbor College

Dr. Luis Dorado, President | Los Angeles Harbor College

Los Angeles County spent $50,594,222 on men’s collegiate basketball teams in 2023, representing a 10.8% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $82,012,852, with men’s teams receiving $50,594,222.

Since 2010, the average sports expenses in Los Angeles County have grown 124.6%.

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 Los Angeles County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$50,594,2228.6%$585,723,911
2022$45,659,3048.6%$529,593,565
2021$29,897,8558.5%$350,025,620
2020$40,828,4289%$451,770,493
2019$42,759,7579.6%$446,813,846

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