![]() ![]() Yet the Big Ten reported $845.6 million in total revenue (an average of $58 million in school distributions) and the SEC reported about $802 million in revenue ($49.9 million per school) for that same time period. That included distributing an average of $39.4 million to full members, with Notre Dame receiving a partial share (roughly $17.4 million) as a football independent. The ACC reported nearly $617 million in total revenue for the 2021-22 season, according to tax documents. The ACC has been generating record revenue hauls, yet is trailing the Big Ten and Southeastern conferences and staring at an even greater gap as those leagues have new TV deals kick in. “There are more ways to get funding than just the media plan.” ![]() “You have the championships, the CFP fund that are coming in, part of what they’ve created is an incentive plan that we’re all in,” Turner said, referring also to Stanford and Cal. ![]() Gerald Turner said the school’s revenues will be higher over time, and that ACC revenues will be part of the increase.Īll three schools will immediately get full revenue shares from the ACC Network, the College Football Playoff, bowl games and NCAA men’s basketball tournament units. The person spoke on condition of anonymity because the school was not making its strategy public. The person spoke to the AP on condition of anonymity because the ACC and the schools have not disclosed the finances.Ĭal and Stanford will get a 30% share in the first seven years, followed by 70% in year eight and 75% in year nine before getting the full amount, the person said.Īnother person with direct knowledge of SMU’s decision said the Dallas school currently in the American Athletic Conference will forgo all ACC media rights distribution for nine years. New conference members typically - though not always - forgo a full share of revenue for several years upon entry.Ĭal and Stanford will receive a partial share of ACC Tier 1 media revenue - estimated at about $25 million annually - for the next nine years before getting a full payment in the final three years of the conference’s deal with ESPN, according to a person familiar with the terms. “Joining the ACC will ensure the Power Conference competitive infrastructure and long-term media revenues that are critical for our student-athletes to compete.”įor the ACC, adding three schools will increase media rights revenue from its long-term deal with ESPN and allow the conference to spread much of that new money to existing members. “Conference affiliations and the broadcast revenue they generate provide key financial support for the wide array of sports that Stanford offers,” athletic director Bernard Muir said. The formation of the sprawling leagues has raised concerns about everything from the impact on athletes’ travel to the changing recruiting landscape and the lost rivalries treasured by fans now facing different destinations if they want to cheer on their teams. The ACC becomes the fourth league, along with the Southeastern Conference, Big Ten and Big 12, to have at least 16 football-playing members, starting in 2024. Notre Dame is currently the westernmost ACC school in South Bend, Indiana, with Louisville the farthest west among football members. It will span from Boston in the Northeast to Miami in South Florida, out to Dallas in the heart of the Southwest and up to Northern California, where Stanford and Cal reside. Like the Big Ten and Big 12, the ACC now will have members in at least three time zones. We’re grateful to the league for continuing to listen to our concerns.” “We look forward to earning new revenue through the ACC’s success incentives initiative, based on our continued excellence. “All three schools are outstanding academic and athletic institutions, and our vote against expansion does not reflect on their quality,” Florida State athletic director Michael Alford said. ![]()
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