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Burlington Standard

Tuesday, December 24, 2024

Vermont: Chittenden County’s men’s basketball teams budget increases 49.2% in 2023

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Dr. Richard Plumb, President | Saint Michael\'s College

Dr. Richard Plumb, President | Saint Michael\'s College

Chittenden County spent $3,773,416 on men’s collegiate basketball teams in 2023, representing a 49.2% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $6,607,996, with men’s teams receiving $3,773,416.

Since 2010, the average sports expenses in Chittenden County have grown 59.2%.

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 Chittenden County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$3,773,41612.8%$29,578,753
2022$2,529,7819.1%$27,730,021
2021$1,862,0128.3%$22,406,801
2020$3,319,00912.5%$26,648,501
2019$3,063,87312.3%$24,884,396

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