Is this a good reason to break up with someone?

My boyfriend broke up with me today. I'm a basketball player at my university and between practice, games, class, and studying, I have very little time to hang out with him. On most days it'll be about an hour we get to spend together and one day a week we spend the evening together. I had this same schedule when we started dating last year so he knew getting into it I was busy. He has a problem with how busy I am and also says that I spend too much of my available time with my friends. By available time he means like fall break or the occasion I get a day off like a class is canceled. I do hangout with my friends then but in a regular week whenever I have free time it goes to him. He gets a lot of time to hang out with his friends and I literally Almost never see mine and feel like hanging out with them instead of him once every few weeks is not a bad thing. Am I looking at this wrong?
Is this a good reason to break up with someone?
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