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Friday, December 27, 2024

Norfolk city's universities spent $17,624,282 on football teams in 2023

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Javaune Adams-Gaston, Ph.D., President | Norfolk State University

Javaune Adams-Gaston, Ph.D., President | Norfolk State University

Norfolk city's two colleges invested $17,624,282 on their football teams in 2023, an 8.2% increase in funding from the previous year, according to the U.S. Department of Education.

This represents 26.7% of all money invested on sport teams at the two colleges in the county during 2023.

The average sports expenses at Norfolk city have grown 110.2% since 2010.

Old Dominion University stood out as the university in Norfolk city which received the most football funding during 2023. The institution received $13,745,844 — or 78% of all the money destined to football teams.

College football is one of the biggest sports in the U.S., with some college teams eclipsing NFL teams in terms of attendance and profit.

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.

Football Team's Expenditures in Norfolk city in Last 5 Years
YearFootball Team's Expenditures% from grand total sport team expenditures
2023$17,624,28226.7%
2022$16,290,94126.6%
2021$3,978,2518.5%
2020$15,749,94327.6%
2019$14,674,37025.4%

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