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Providence Reporter

Sunday, December 22, 2024

Rhode Island: Providence County’s men’s basketball teams budget increases in 2023

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Father Kenneth R. Sicard, O.P. President | Providence College

Father Kenneth R. Sicard, O.P. President | Providence College

Providence County spent $18,359,119 on men’s collegiate basketball teams in 2023, representing a 3.6% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $25,704,883, with men’s teams receiving $18,359,119.

Since 2010, the average sports expenses in Providence County have grown 162.2%.

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 Providence County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$18,359,11915%$122,238,125
2022$17,729,66016.2%$109,682,706
2021$10,676,78013.6%$78,627,204
2020$15,731,26217%$92,514,663
2019$14,536,08715.2%$95,595,755

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