ACC distributed record $45M per school in '23-24

The Atlantic Coast Conference generated $711 cardinal for the 2023-24 world year, according to caller taxation documents released by the league, distributing an mean of $45 cardinal to each of its 14 full-time subordinate schools, a caller grounds for the conference.

The fiscal reports, which screen the last twelvemonth of ACC athletics anterior to the additions of SMU, Stanford and Cal, shows a tiny uptick successful gross year-over-year and a astir 56% summation successful revenues from 5 years ago.

While the gross organisation puts the ACC solidly successful 3rd spot among conferences, it inactive trails the SEC and Big Ten by a sizable margin. Those comparative deficits person remained a root of consternation for members and resulted successful lawsuits filed by Florida State (in December 2023) and Clemson (in February 2024) to situation the ACC's assistance of rights, which binds the league unneurotic done June of 2036. The model of a colony of those lawsuits was reached earlier this year, however, arsenic the league conceded to a caller gross organisation exemplary that would prioritize the biggest brands.

Commissioner Jim Phillips said astatine this week's yearly outpouring meetings, helium believed the statement would supply stableness for the ACC for astatine slightest the adjacent 3 to 4 years.

"I conscionable deliberation you've got to settee down," Phillips said. "I deliberation assemblage athletics needs to settee down, not conscionable the ACC. I deliberation we've positioned ourselves for that. The chaos and changeless wondering of what's happening present oregon there, that distracts from the concern astatine hand. I consciousness bully astir wherever we're at, and portion I bash instrumentality things 1 time astatine a time, I deliberation there's a play of clip where, let's settee successful and get things done."

After Florida State pushed for changes to the revenue-distribution exemplary successful 2023, the league adopted a acceptable of "success initiatives" that would connection a higher payout of postseason gross to schools who won the station successful shot and men's and women's basketball. Those occurrence initiatives were not implemented astatine the clip framework covered by the latest 990 reports, however. Sources astatine respective programs person said they expect those occurrence initiatives combined with the caller marque payouts (based connected TV ratings implicit a five-year span) could assistance bring the apical programs successful the ACC person successful enactment with the gross generated by SEC and Big Ten schools.

In its past 990 filing, the Big Ten showed $880 cardinal successful gross for the 2022-23 year, but those numbers volition beryllium importantly higher successful consequent filings that bespeak monolithic caller TV woody for the conference.

In February, the SEC distributed $808 cardinal to its rank for the 2023-24 year, averaging astir $53 cardinal per school.