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Wednesday, October 16, 2024

Norfolk city's men's football teams receive $17,624,282 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 spent $17,624,282 on men's collegiate football teams in 2023, an increase of 8.2% over the previous year, according to the U.S. Department of Education.

This translates to roughly 26.7% of all spending for sports teams at the two universities in the county during the 2023 season.

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

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.

Men's 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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