James Rankin President South Dakota School of Mines and Technology | argusleader.com
James Rankin President South Dakota School of Mines and Technology | argusleader.com
The county’s funding for the basketball teams comprised 19% of all money invested in sports teams in 2023.
The average sports expenses in Pennington County have grown 153.5% since 2010.
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 the 2020–21 school year.
| Year | Basketball Team's Expenditures | % from grand total sport team expenditures |
|---|---|---|
| 2023 | $935,441 | 19% |
| 2022 | $975,805 | 18.8% |
| 2021 | $877,864 | 22.7% |
| 2020 | $973,499 | 20.1% |
| 2019 | $932,622 | 20.4% |
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