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Reno Reporter

Thursday, November 21, 2024

Nevada: Washoe County’s men’s basketball teams budget increases 5.3% in 2023

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TMCC President Dr. Karin Hilgersom | Truckee Meadows Community College

TMCC President Dr. Karin Hilgersom | Truckee Meadows Community College

Washoe County spent $5,241,656 on men’s collegiate basketball teams in 2023, representing a 5.3% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $7,698,508, with men’s teams receiving $5,241,656.

Since 2010, the average sports expenses in Washoe County have grown 126.8%.

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 Washoe County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$5,241,65610.5%$49,814,719
2022$4,978,55810.9%$45,483,661
2021$3,229,4849%$35,875,440
2020$3,897,9239.5%$40,954,641
2019$4,706,01010.6%$44,404,512

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