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Panama City Reporter

Thursday, November 7, 2024

Bay County’s institutions spent $414,008 on men’s basketball teams in 2023

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Glen McDonald President | Gulf Coast State College

Glen McDonald President | Gulf Coast State College

Bay County spent $414,008 on men’s collegiate basketball teams in 2023, representing a 5.7% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $839,974, with the men’s team receiving $414,008.

Since 2010, the average sports expenses in Bay County have grown 16.7%.

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 Bay County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$414,00817.5%$2,369,725
2022$391,56418.9%$2,069,976
2021$375,81418.9%$1,990,077
2020$389,36119.2%$2,027,290
2019$411,64320.1%$2,047,651

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