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Sunday, September 22, 2024

Lafourche Parish’s institutions spent $1,115,701 on men’s basketball teams in 2023

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Dr. Jay Clune President | Nicholls State University

Dr. Jay Clune President | Nicholls State University

Lafourche Parish spent $1,115,701 on men’s collegiate basketball teams in 2023, representing an 18.7% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $1,864,878, with the men’s team receiving $1,115,701.

Since 2010, the average sports expenses in Lafourche Parish have grown 86.6%.

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 Lafourche Parish Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$1,115,7019.6%$11,658,725
2022$939,8738.4%$11,164,755
2021$718,9627.7%$9,282,352
2020$847,3838.4%$10,092,412
2019$798,6878.3%$9,674,950

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