Skip to content

ACC hits record revenue but still trails the pack

ACC Football Championship Game Getty Images

It was a good year for the ACC. Not only did Florida State win the BCS national championship and Clemson add another BCS bowl victory, but the conference saw a nice jump in revenue. According to a report from ESPN.com, the ACC saw revenue jump $56.6 million over the previous year, giving the conference a record $291.7 million in total revenue for the 2013-14 fiscal year.

Why the spike in revenue? Expansion, of course. The ACC officially welcomed Pittsburgh, Syracuse and Notre Dame to the conference, bringing the conference membership to 14 members in football and 15 members in other sports (Notre Dame does not participate in ACC football as a full conference member). With expansion comes an opportunity to renegotiate media rights deals. For the ACC, that meant a chance to capitalize on some new markets and the national brand recognition that comes with Notre Dame and Syracuse basketball. It will be interesting to see if the ACC can work any new negotiations once Louisville joins and Maryland leaves, unless that has already been accounted for under the new deal.

According to the ESPN.com report, each school in the ACC will receive a share valued at $20.8 million, which is up roughly $1.2 million from the previous year. Notre Dame’s slice of the revenue will be different, probably lightly less, although how that split is structured is unknown.

Why is that significant? The share each ACC school will be comparable to the shares received by members of the SEC, which was previously reported to be $20.9 million. One thing could continue to separate the SEC and ACC though, as the SEC is expected to see a jump in revenue and larger shares a year from now following the launch of the SEC Network. The ACC would likely love to have a similar network deal, and the topic has been discussed with partners at ESPN, but that is far down the line at best.

While these numbers are very good for the ACC, the conference is still behind the other power conferences when it comes to revenue. The Pac-12 remains on top.

Permalink 11 Comments Feed for comments Latest Stories in: Atlantic Coast Conference, Rumor Mill, Top Posts
11 Responses to “ACC hits record revenue but still trails the pack”
  1. spreadthecheese says: Jun 6, 2014 8:44 PM

    So does Notre Dame’s $100 million dollar deal with Under Armour put the ACC over the top?

  2. theworkhorsebackdotcom says: Jun 6, 2014 9:09 PM

    When not if the ACC gets their own network, their revenue will climb much higher.

    If they’re able to keep controlling interest in the network they will have a leg up on the other conferences.

  3. thefiesty1 says: Jun 6, 2014 10:19 PM

    If the Big 12 had 12 teams and conference championship game maybe they wouldn’t be sucking hind tit.

  4. jadaruler says: Jun 6, 2014 11:04 PM

    B12 missed the L’Ville boat. Outside of BYU and Cincy, I don’t know of another quality team to add.

  5. dmvtransplant says: Jun 7, 2014 1:36 AM

    I’m sure someone will blame the Longhorn network for the Big-12 revenue

  6. harleyspoon says: Jun 7, 2014 9:36 AM

    If that assertion about the BIG12 revenue is correct, how did each BIG12 team average $22 million per team?

  7. harleyspoon says: Jun 7, 2014 9:40 AM

    Yahoo Sports Yahoo Sports

    Harley AvatarHarley
    Mail 2

    League: NCAAF
    View All

    prev next
    My Teams

    BearsBears(FB)
    LonghornsLonghorns(FB)
    CardinalCardinal(FB)
    HuskiesHuskies(FB)
    Fighting IrishFighting Irish(FB)
    TigersTigers(FB)
    BearsBears(BB)
    LonghornsLonghorns(BB)
    BearsBears(WBB)
    Fantasy Teams ›
    More ›
    Longhorns
    FC Dallas
    Houston Dynamo
    Roma

    Edit

    Sports Home
    Fantasy
    World Cup
    NBA
    NFL
    MLB
    NHL
    French Open
    Belmont Stakes
    Golf
    NASCAR
    NCAAF
    Scores / Schedule
    Standings
    Rankings
    Recruiting
    Stats
    Team Sites
    Pat Forde
    Dan Wetzel
    Dr. Saturday
    Message Boards
    Odds
    Video
    Picks
    Tickets
    NCAAB
    MMA
    Boxing
    Soccer
    All Sports
    Rivals
    Shop


    $40-Off Limited Time Offer From Norton
    Norton by Symantec
    Big 12 schools share record $220M revenue
    By STEPHEN HAWKINS (AP Sports Writer) May 30, 2014 2:50 PM AP – Sports

    Big 12 schools share record $220M revenue
    .

    View photo
    Oklahoma State President and Chairman of the Big 12 board of directors Burns Hargis, , left, and Big 12 Commissioner Bob Bowlsby, talk at the end of the Big 12 meetings at the Four Seasons Resort and Hotel in Irving, Texas, on Friday, May 30, 2014. (AP Photo/Stephen Hawkins)

    IRVING, Texas (AP) — The Big 12 Conference is again sharing a record amount of revenue among its 10 schools and the money is expected to keep growing.
    Related Stories

    SEC, Big 12 pull in record revenues NBC Sports
    Big 12 making slight change to football tiebreaker The Associated Press
    Southern Conference increases exit fees The Associated Press
    Big 12 commish suggests modern recruiting changes The Associated Press

    The league that only a few years ago had an uncertain future will share just more than $220 million with its schools for the 2013-14 academic year.

    ”We remain very compatible and collaborative in our deliberations,” said Oklahoma State President Burns Hargis, chairman of the Big 12 board of directors. ”The conference has never been stronger. ”

    Big 12 Commissioner Bob Bowlsby said Friday at the end of the league’s spring meetings that Baylor, Iowa State, Kansas, Kansas State, Oklahoma, Oklahoma State, Texas and Texas Tech will get about $23 million each. Second-year league members TCU and West Virginia, who will become fully vested Big 12 members in two years, get about $14 million each.

    The amount of distributable revenue, an increase from $198 million last year, was about $7.8 million more than anticipated. That $7.8 million will go into a reserve fund that could be used for legal or unforeseen expenses, but could also be paid out to the schools later.

    ”Our conference is doing exceptionally well with the model of 10, the revenue distribution for each of the schools, everybody knows what can be expected, and it’s more than where we were years ago,” Oklahoma athletic director Joe Castiglione said this week before the figures were released.

    During the cycle of conference realignment, the Big 12 lost four schools to three other conferences over two summers (2011-2) while adding TCU and West Virginia.

    ”Having walked through valley of shadow of death in conference realignment, I think we all understand the importance of a collaborative body. But what survived in all of that were the people who wanted to be together,” Burns said, adding there is now a certain feeling of vindication. ”We were buried several times during that period and we continued to emerge. … Adversity builds strength. I think that’s exactly the case.”

    Bowlsby expects overall revenue to increase another $31 million or so next year based on the league’s joint $2.6 billion television contract with FOX and ESPN, along with money from the new College Football Playoff. He expects per-team revenue to peak at more than $43 million during the TV deal that goes through 2024-25.

    Big 12 revenue has more than doubled since $106 million was shared among 12 teams in 2007. With this year’s total, the league has now had more than $2 billion in revenue since its first year (1996-97).

    But there are also rising expenses, including defending against a growing number of lawsuits against the NCAA such as the antitrust suit by former UCLA basketball player Ed O’Bannon and others. Bowlsby said the Big 12 more almost quadrupled its budget line for legal fees, from $400,000 to $1.5 million.

    ”That really isn’t based on empirical computation. But rather a back of the envelope estimate and input from our legal team,” Bowlsby said ”I’m glad the whole budget is not going up by similar percentages. That one budget line is problematic. If I had to make a forecast, I’d forecast it to continue to climb rather than go down.’

  8. harleyspoon says: Jun 7, 2014 9:42 AM

    Without all the crap:

    Big 12 schools share record $220M revenue
    By STEPHEN HAWKINS (AP Sports Writer) May 30, 2014 2:50 PM AP – Sports

    Big 12 schools share record $220M revenue
    .
    IRVING, Texas (AP) — The Big 12 Conference is again sharing a record amount of revenue among its 10 schools and the money is expected to keep growing.

    The league that only a few years ago had an uncertain future will share just more than $220 million with its schools for the 2013-14 academic year.

    ”We remain very compatible and collaborative in our deliberations,” said Oklahoma State President Burns Hargis, chairman of the Big 12 board of directors. ”The conference has never been stronger. ”

    Big 12 Commissioner Bob Bowlsby said Friday at the end of the league’s spring meetings that Baylor, Iowa State, Kansas, Kansas State, Oklahoma, Oklahoma State, Texas and Texas Tech will get about $23 million each. Second-year league members TCU and West Virginia, who will become fully vested Big 12 members in two years, get about $14 million each.

    The amount of distributable revenue, an increase from $198 million last year, was about $7.8 million more than anticipated. That $7.8 million will go into a reserve fund that could be used for legal or unforeseen expenses, but could also be paid out to the schools later.

    ”Our conference is doing exceptionally well with the model of 10, the revenue distribution for each of the schools, everybody knows what can be expected, and it’s more than where we were years ago,” Oklahoma athletic director Joe Castiglione said this week before the figures were released.

    During the cycle of conference realignment, the Big 12 lost four schools to three other conferences over two summers (2011-2) while adding TCU and West Virginia.

    ”Having walked through valley of shadow of death in conference realignment, I think we all understand the importance of a collaborative body. But what survived in all of that were the people who wanted to be together,” Burns said, adding there is now a certain feeling of vindication. ”We were buried several times during that period and we continued to emerge. … Adversity builds strength. I think that’s exactly the case.”

    Bowlsby expects overall revenue to increase another $31 million or so next year based on the league’s joint $2.6 billion television contract with FOX and ESPN, along with money from the new College Football Playoff. He expects per-team revenue to peak at more than $43 million during the TV deal that goes through 2024-25.

    Big 12 revenue has more than doubled since $106 million was shared among 12 teams in 2007. With this year’s total, the league has now had more than $2 billion in revenue since its first year (1996-97).

    But there are also rising expenses, including defending against a growing number of lawsuits against the NCAA such as the antitrust suit by former UCLA basketball player Ed O’Bannon and others. Bowlsby said the Big 12 more almost quadrupled its budget line for legal fees, from $400,000 to $1.5 million.

    ”That really isn’t based on empirical computation. But rather a back of the envelope estimate and input from our legal team,” Bowlsby said ”I’m glad the whole budget is not going up by similar percentages. That one budget line is problematic. If I had to make a forecast, I’d forecast it to continue to climb rather than go down.’

  9. vortexofgreatness says: Jun 7, 2014 9:50 AM

    2014 Big XII distributions are $23 million per team for Tier 1 and Tier 2; Tier 3 distributions per school are between $3 million – $14 million. IOW, UT’s 2014 income is $23 million + $14 million (for The LHN) = $37 million. OU’s income is $23 million + $8 million for their Tier 3 = $31 million, this year.

    Big XII revenues will increase annually to $32 million over the next 7 years (contractually, not “projected” or “hoped for”) per school for Tier 1 and Tier 2. No way Big XII invites anyone less than a Florida State, for ex., because any school invited will have to be worth at least $23 million now for Tier 1 and Tier 2. Would Fl.State be ok with hopping to a real football conference in order to make $32+++ million per yr? Who knows? but those are the facts about the B12, LHN, and “Tier” income per school in the B12. Hope Kevin McGuire does better at fact checking (it’s real easy here -> http://www.google.com) and compare apples to apples in the future.

  10. drummerhoff says: Jun 7, 2014 12:50 PM

    Here’s the big12’s problem. In the coming years, OU ‘s revenue will grow to $38m and schools like Cal, Miss State and Indiana will be making $45m.

  11. vortexofgreatness says: Jun 7, 2014 2:14 PM

    but you’re regurgitating L. Scott and M. Slive’s “hoping, wishing and wanting projections” – which is quite different from contractual revenues as we mentioned in discussing Big XII dollars – and once again, you’re comparing Big XII Tier I and Tier II revenues to others’ Tier I, II and III revenues. Quite a difference!

    Sports Business Daily – Pac 12 channel a no-go and SEC channel a slow-go: http://www.sportsbusinessdaily.com/Journal/Issues/2014/01/13/Media/SEC-net.aspx

Leave a Reply

You must be logged in to leave a comment. Not a member? Register now!