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Lafayette Reporter

Sunday, November 17, 2024

Louisiana: Lafayette Parish’s men’s basketball teams budget increases 14.9% in 2023

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President Joseph Savoie | University of Louisiana at Lafayette

President Joseph Savoie | University of Louisiana at Lafayette

Lafayette Parish spent $3,308,048 on men’s collegiate basketball teams in 2023, representing a 14.9% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $5,276,148, with the men’s team receiving $3,308,048.

Since 2010, the average sports expenses in Lafayette Parish have grown 215.3%.

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 Lafayette Parish Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$3,308,0488.5%$38,961,026
2022$2,878,9267.4%$39,088,716
2021$2,321,4057.4%$31,375,528
2020$2,553,1407.6%$33,655,641
2019$2,780,5488.2%$33,840,123

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