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Thursday, November 21, 2024

South Dakota: Pennington County’s men’s basketball teams budget decreases in 2023

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James Rankin President South Dakota School of Mines and Technology | argusleader.com

James Rankin President South Dakota School of Mines and Technology | argusleader.com

Pennington County spent $488,677 on men’s collegiate basketball teams in 2023, representing a 2.2% decrease from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $935,441, with the men’s team receiving $488,677.

Since 2010, the average sports expenses in Pennington County have grown 153.5%.

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 Pennington County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$488,67710%$4,911,104
2022$499,8209.6%$5,180,888
2021$443,48411.5%$3,861,102
2020$517,86710.7%$4,835,713
2019$528,66411.6%$4,574,150

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