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Galesburg Reporter

Tuesday, November 5, 2024

Illinois: Knox County’s men’s basketball teams budget increases 49.5% in 2023

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C. Andrew McGadney President | Knox College

C. Andrew McGadney President | Knox College

Knox County spent $366,283 on men’s collegiate basketball teams in 2023, representing a 49.5% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $747,375, with men’s teams receiving $366,283.

Since 2010, the average sports expenses in Knox County have grown 181.4%.

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$366,2836.7%$5,479,125
2022$245,0197.1%$3,452,324
2021$174,1305.8%$3,009,414
2020$241,5957.2%$3,346,776
2019$219,6236.9%$3,198,916

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