Money will be a problem for the Women’s Basketball Hall of Fame for years to come, as State Farm announced plans to kill its sponsorship of the museum’s annual college hoops tipoff event.
Carol Callan, a member of the recently retooled and expanded board of directors for the museum, explained State Farm’s decision to drop its sponsorship worth $140,000 a year.
“I think it was a case that they’ve been donating for quite some time,” she said Monday during a Hall of Fame board of directors meeting. She added that the insurer will instead work more with the WNBA, where they can get “more exposure.”
That loss comes as Knox County Mayor Tim Burchett has said that county funding for the museum could be cut in coming years.
That’s great for the WNBA, but…..