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Thursday, November 7, 2024

North Carolina: Watauga County’s men’s basketball teams budget increases 11.5% in 2023

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Dr. Sheri Everts Chancellor | Appalachian State University

Dr. Sheri Everts Chancellor | Appalachian State University

Watauga County spent $1,993,894 on men’s collegiate basketball teams in 2023, representing an 11.5% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $3,525,873, with the men’s team receiving $1,993,894.

Since 2010, the average sports expenses in Watauga County have grown 165.4%.

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 Watauga County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$1,993,8945.1%$38,816,356
2022$1,788,3975.5%$32,271,589
2021$1,473,6535.3%$28,039,948
2020$1,978,7176.9%$28,721,844
2019$1,952,5936.9%$28,482,163

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