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Saturday, September 21, 2024

Oklahoma: Payne County’s men’s basketball teams budget increases 28.1% in 2023

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Dr. Kayse Shrum, President | Oklahoma State University-Main Campus

Dr. Kayse Shrum, President | Oklahoma State University-Main Campus

Payne County spent $9,607,887 on men’s collegiate basketball teams in 2023, representing a 28.1% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $14,277,353, with the men’s team receiving $9,607,887.

Since 2010, the average sports expenses in Payne County have grown 96.5%.

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 Payne County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$9,607,8878.1%$118,229,024
2022$7,498,1447.5%$100,439,115
2021$5,097,9036.8%$75,476,211
2020$7,050,7527.9%$88,818,256
2019$6,700,5107.4%$90,739,953

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