Lawrence County’s institution invested $242,122 on their basketball teams in 2023, a 3.1% increase over the previous year, according to the U.S. Department of Education.
The county’s funding for the basketball teams comprised 8.3% of all money invested in sports teams in 2023.
The average sports expenses in Lawrence County have grown 64.7% 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 | $242,122 | 8.3% |
| 2022 | $234,752 | 8.8% |
| 2021 | $183,969 | 8.4% |
| 2020 | $255,838 | 10% |
| 2019 | $219,204 | 7.8% |
