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Spartanburg Reporter

Thursday, November 21, 2024

2023 sees Cherokee County investing $604,876 in men’s basketball teams

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Jeremy Whitaker Acting President | Limestone University

Jeremy Whitaker Acting President | Limestone University

Cherokee County spent $604,876 on men’s collegiate basketball teams in 2023, representing a 4.4% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $1,076,105, with the men’s team receiving $604,876.

Since 2010, the average sports expenses in Cherokee County have grown 102%.

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 Cherokee County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$604,8765.4%$11,184,418
2022$579,2205.9%$9,758,220
2021$658,4646.8%$9,699,409
2020$527,6643.9%$13,462,235
2019$490,7134.2%$11,809,266

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