Essex County’s institution invested $91,846 on their basketball teams in 2023, a 12.3% decrease from the previous year, according to the U.S. Department of Education.
The county’s funding for the basketball teams comprised 41.7% of all money invested in sports teams in 2023.
The average sports expenses in Essex County have grown 4% since 2010.
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 the 2020–21 school year.
| Year | Basketball Team’s Expenditures | % from grand total sport team expenditures |
|---|---|---|
| 2023 | $91,846 | 41.7% |
| 2022 | $104,688 | 38.3% |
| 2021 | $0 | 0% |
| 2020 | $93,106 | 35.6% |
| 2019 | $100,166 | 44% |
