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Wednesday, October 16, 2024

Virginia: Salem city’s men’s basketball teams budget decreases 15.7% in 2023

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Dr. Frank Shushok Jr., President | Roanoke College

Dr. Frank Shushok Jr., President | Roanoke College

Salem city spent $217,761 on men’s collegiate basketball teams in 2023, representing a 15.7% decrease from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $411,533, with the men’s team receiving $217,761.

Since 2010, the average sports expenses in Salem city have grown 105.3%.

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 Salem city Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$217,7616.4%$3,388,574
2022$258,3756.9%$3,722,992
2021$309,8168.3%$3,720,987
2020$225,7647.8%$2,893,682
2019$201,0706.6%$3,030,212

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