Essex County spent $11,940,135 on men’s collegiate basketball teams in 2023, representing a 3% decrease from the previous year, according to the U.S. Department of Education.
Overall, basketball teams in the county received a total of $18,368,254, with men’s teams receiving $11,940,135.
Since 2010, the average sports expenses in Essex County have grown 71%.
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.
| Year | Basketball team’s expenditures | % from grand total sport team expenditures | Total Sport Team Expenditures |
|---|---|---|---|
| 2023 | $11,940,135 | 20.3% | $58,850,924 |
| 2022 | $12,313,440 | 22% | $56,007,348 |
| 2021 | $9,004,331 | 19.9% | $45,360,519 |
| 2020 | $11,025,458 | 21.9% | $50,289,222 |
| 2019 | $10,588,037 | 20.7% | $51,240,859 |
