The ACC brought in more than $300 million in revenue during 2013-14, distributing more money than initially projected, the league disclosed Friday.
According to IRS filings, the ACC had a record $302.3 million in revenue in 2013-14, its first year as a 15-member league. It also paid its member institutions $11 million in league championship game/tournament reimbursements, raising its total revenue number to $313.3 million.
The 14 full-time ACC members received $22.1 million on average, an increase of more than $1 million per school over projections made last year. Notre Dame, a member in all sports but football, received $4.9 million, according to the IRS filing.
The ACC does not own the schools' marketing and merchandise rights, so the total revenue does not include any multimedia deals schools have on their own.
The conference does not yet have the financial numbers for 2014-15, but the total revenue is expected to be higher based on increased money from the College Football Playoff and its exit settlement with Maryland.
http://espn.go.com/college-sports/story/_/id/13065346/acc-brings-3133-million-revenue-2013-14
According to IRS filings, the ACC had a record $302.3 million in revenue in 2013-14, its first year as a 15-member league. It also paid its member institutions $11 million in league championship game/tournament reimbursements, raising its total revenue number to $313.3 million.
The 14 full-time ACC members received $22.1 million on average, an increase of more than $1 million per school over projections made last year. Notre Dame, a member in all sports but football, received $4.9 million, according to the IRS filing.
The ACC does not own the schools' marketing and merchandise rights, so the total revenue does not include any multimedia deals schools have on their own.
The conference does not yet have the financial numbers for 2014-15, but the total revenue is expected to be higher based on increased money from the College Football Playoff and its exit settlement with Maryland.
http://espn.go.com/college-sports/story/_/id/13065346/acc-brings-3133-million-revenue-2013-14