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Friday, November 8, 2024

South Dakota: Minnehaha County’s men’s basketball teams budget decreases 30.4% in 2023

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Stephanie Herseth Sandlin, President | Augustana University

Stephanie Herseth Sandlin, President | Augustana University

Minnehaha County spent $1,441,391 on men’s collegiate basketball teams in 2023, representing a 30.4% decrease from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $2,784,310, with men’s teams receiving $1,441,391.

Since 2010, the average sports expenses in Minnehaha County have grown 107.2%.

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 Minnehaha County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$1,441,3917.1%$20,369,198
2022$2,071,00310.7%$19,355,472
2021$1,261,8348.2%$15,384,005
2020$1,385,5368.4%$16,440,310
2019$1,356,1428.6%$15,818,680

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