Kevin F. Hallock, President | University of Richmond
Kevin F. Hallock, President | University of Richmond
Overall, basketball teams in the county received a total of $21,670,598, with men’s teams receiving $13,998,809.
Since 2010, the average sports expenses in Richmond city have grown 140.6%.
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 | $13,998,809 | 16.2% | $86,241,854 |
| 2022 | $13,079,534 | 16.8% | $77,688,008 |
| 2021 | $10,084,504 | 16.1% | $62,474,325 |
| 2020 | $12,166,184 | 16.9% | $71,880,334 |
| 2019 | $11,418,360 | 17.1% | $66,776,061 |
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