Men’s collegiate basketball programs in Miami-Dade County had operating expenses totaling $18,790,094 in 2024, a 2.7% drop compared to the prior year, based on data from the U.S. Department of Education.
Altogether, basketball teams within the county received $31,689,719 in funding, with the men’s teams representing $18,790,094 of that sum.
A review of expenditures since 2010 shows that average sports spending in Miami-Dade County has climbed 166.6%.
Basketball ranks among the top college sports in the U.S., along with football, and draws major support from fans and TV viewers with followings equaling those of NBA contests. Annual tournaments like March Madness reach millions of people each year.
College sports are undergoing significant changes in athlete pay after a federal agreement enabled schools to share revenue directly with athletes for the first time. Under this settlement, the NCAA will also pay $2.8 billion over 10 years in back damages to athletes who played from 2016 onward.
In 2022, following extended legal and policy shifts, athletes gained permission to earn income from their names, images and likenesses due to state law changes and new NCAA guidelines.
The NCAA generated approximately $900 million from March Madness and associated Division I men’s basketball tournament media rights in fiscal 2024, making the sport the largest single revenue stream for the organization.
| Year | Basketball team’s expenditures | % from grand total sport team expenditures | Total Sport Team Expenditures |
|---|---|---|---|
| 2024 | $18,790,094 | 7.2% | $260,783,027 |
| 2023 | $19,311,792 | 8.3% | $232,932,018 |
| 2022 | $14,735,450 | 6.9% | $213,282,424 |
| 2021 | $11,867,411 | 8.3% | $143,718,360 |
| 2020 | $13,516,125 | 7.8% | $173,712,478 |
Information provided in this story comes from the U.S. Department of Education. The original data can be accessed here.
