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Thursday, November 21, 2024

Lincoln Parish's universities spent $15,525,096 on football teams in 2023

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Dr. Jim Henderson President | Louisiana Tech University

Dr. Jim Henderson President | Louisiana Tech University

Lincoln Parish's two colleges invested $15,525,096 on their football teams in 2023, a 7.9% increase in funding from the previous year, according to the U.S. Department of Education.

This represents 38.3% of all money invested on sport teams at the two colleges in the county during 2023.

The average sports expenses at Lincoln Parish have grown 103.5% since 2010.

Louisiana Tech University stood out as the university in Lincoln Parish which received the most football funding during 2023. The institution received $10,897,898 — or 70.2% 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 Lincoln Parish in Last 5 Years
YearFootball Team's Expenditures% from grand total sport team expenditures
2023$15,525,09638.3%
2022$14,394,27438.4%
2021$10,081,08833.5%
2020$11,486,30836.7%
2019$11,772,66936.5%

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