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Thursday, November 7, 2024

Ouachita Parish’s institutions spent $1,419,823 on men’s basketball teams in 2023

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President Dr. Ronald Berry | University of Louisiana at Monroe

President Dr. Ronald Berry | University of Louisiana at Monroe

Ouachita Parish spent $1,419,823 on men’s collegiate basketball teams in 2023, representing a 2% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $2,974,807, with the men’s team receiving $1,419,823.

Since 2010, the average sports expenses in Ouachita Parish have grown 122.6%.

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 Ouachita Parish Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$1,419,8237.7%$18,518,405
2022$1,392,4067.6%$18,416,615
2021$1,117,3256.9%$16,092,329
2020$1,356,3168.5%$15,990,935
2019$1,469,0209.6%$15,252,816

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