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Knox Times

Thursday, November 21, 2024

Tennessee: Knox County’s men’s basketball teams budget increases 9.3% in 2023

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Thomas (Tommy) Smith Jr., President | Johnson University

Thomas (Tommy) Smith Jr., President | Johnson University

Knox County spent $15,811,176 on men’s collegiate basketball teams in 2023, representing a 9.3% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $23,518,274, with men’s teams receiving $15,811,176.

Since 2010, the average sports expenses in Knox County have grown 87.9%.

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 Knox County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$15,811,1768.7%$181,961,766
2022$14,467,5749.4%$153,741,442
2021$9,739,9008.2%$118,438,520
2020$10,560,3737.7%$137,356,135
2019$10,598,9237.8%$135,546,552

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