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Saturday, September 21, 2024

2023 sees Lea County investing $820,564 in men’s basketball teams

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Derek Moore, EdD, President | New Mexico Junior College

Derek Moore, EdD, President | New Mexico Junior College

Lea County spent $820,564 on men’s collegiate basketball teams in 2023, representing a 4.3% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $1,503,284, with men’s teams receiving $820,564.

Since 2010, the average sports expenses in Lea County have grown 176%.

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 Lea County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$820,56412%$6,841,516
2022$786,75111.4%$6,926,794
2021$481,2989.1%$5,284,096
2020$778,47611.9%$6,518,663
2019$535,7088.8%$6,108,278

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