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Thursday, November 7, 2024

2023 sees Harrisonburg city investing $4,046,899 in men’s basketball teams

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Dr. Susan Schultz Huxman, President | Eastern Mennonite University

Dr. Susan Schultz Huxman, President | Eastern Mennonite University

Harrisonburg city spent $4,046,899 on men’s collegiate basketball teams in 2023, representing a 9.2% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $7,748,424, with men’s teams receiving $4,046,899.

Since 2010, the average sports expenses in Harrisonburg city have grown 100.8%.

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 Harrisonburg city Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$4,046,8996.8%$59,911,678
2022$3,704,5706.7%$54,974,260
2021$3,463,1647.8%$44,484,272
2020$3,752,8847.5%$49,999,230
2019$2,858,7125.9%$48,090,049

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