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Monterey Times

Thursday, November 21, 2024

2023 sees Monterey County investing $684,557 in men’s basketball teams

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Marshall T. Fulbright III President of Monterey Peninsula College | mpctransforms.mpc.edu

Marshall T. Fulbright III President of Monterey Peninsula College | mpctransforms.mpc.edu

Monterey County spent $684,557 on men’s collegiate basketball teams in 2023, representing a 17.7% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $1,332,280, with men’s teams receiving $684,557.

Since 2010, the average sports expenses in Monterey County have grown 115.5%.

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 Monterey County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$684,5577.8%$8,736,442
2022$581,7917.9%$7,333,371
2021$55,4746%$920,807
2020$609,2879.8%$6,242,489
2019$554,3038.4%$6,622,230

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