Ramsey County spent $3,204,420 on men’s collegiate basketball teams in 2023, representing a 26.3% increase from the previous year, according to the U.S. Department of Education.
Overall, basketball teams in the county received a total of $6,117,843, with men’s teams receiving $3,204,420.
Since 2010, the average sports expenses in Ramsey County have grown 159.6%.
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.
| Year | Basketball team’s expenditures | % from grand total sport team expenditures | Total Sport Team Expenditures |
|---|---|---|---|
| 2023 | $3,204,420 | 6.9% | $46,741,016 |
| 2022 | $2,537,404 | 6% | $42,241,663 |
| 2021 | $1,227,562 | 5.2% | $23,398,869 |
| 2020 | $1,352,543 | 5.3% | $25,559,427 |
| 2019 | $1,358,867 | 5.1% | $26,435,563 |
