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Thursday, November 21, 2024

New York: Otsego County’s men’s basketball teams budget increases 11.7% in 2023

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James H. Mullen, Jr. , President | Hartwick College

James H. Mullen, Jr. , President | Hartwick College

Otsego County spent $329,907 on men’s collegiate basketball teams in 2023, representing an 11.7% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $647,599, with men’s teams receiving $329,907.

Since 2010, the average sports expenses in Otsego County have dropped 4.3%.

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 Otsego County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$329,9075.2%$6,343,736
2022$295,4254.8%$6,093,440
2021$93,5702.2%$4,332,461
2020$310,1285.1%$6,105,460
2019$283,3404.8%$5,919,042

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