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Wednesday, December 4, 2024

Anchorage Municipality’s institutions spent $783,227 on men’s basketball teams in 2023

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Former Alaska Governor Sean Parnell, Chancellor of the University of Alaska Anchorage | University of Alaska Anchorage

Former Alaska Governor Sean Parnell, Chancellor of the University of Alaska Anchorage | University of Alaska Anchorage

Anchorage Municipality spent $783,227 on men’s collegiate basketball teams in 2023, representing a 2.5% decrease from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $1,837,590, with the men’s team receiving $783,227.

Since 2010, the average sports expenses in Anchorage Municipality have grown 9%.

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 Anchorage Municipality Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$783,2278.3%$9,407,550
2022$803,46810%$8,060,852
2021$00%$7,837,362
2020$876,7378.4%$10,420,414
2019$860,0137.5%$11,502,111

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