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Thursday, September 19, 2024

Pennsylvania: Mercer County’s men’s basketball teams budget increases 55.8% in 2023

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Jo Anne Carrick, Campus Director | Pennsylvania State University-Penn State Shenango

Jo Anne Carrick, Campus Director | Pennsylvania State University-Penn State Shenango

Mercer County spent $206,789 on men’s collegiate basketball teams in 2023, representing a 55.8% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $387,110, with men’s teams receiving $206,789.

Since 2010, the average sports expenses in Mercer County have grown 126.3%.

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 Mercer County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$206,7896.5%$3,163,199
2022$132,7055.4%$2,465,697
2021$125,3456.3%$1,992,777
2020$205,3978.8%$2,336,275
2019$210,8959.1%$2,307,873

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