Some surprisingly good news potentially, coming from the ACC league office.
And an interesting discussion of unequal revenue sharing going forward, which has yet to be decided, but appears to have momentum for some change.
Article linked below, and I copied and pasted part of it .... but it's worth a click to read through.
richmond.com
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“We’re in the process of finalizing the financials from [2021-22],” second-year commissioner Jim Phillips said, “and as expected, our schools will receive a sizable increase following the ACC Network reaching full distribution last December. We are proud to have exceeded our initial projections, resulting in additional revenue to our schools.”
This is notable for several reasons:
The ACC in 2020-21 reported a league-record $578.3 million in revenue which translated to an average per-school distribution of $36.1 million. A “sizable” bump from record numbers is encouraging, even as the Big Ten and SEC continue to dominate the financial, though not competitive, landscape.
Even more heartening for the ACC: Revenue in 2021-22 increased despite significant headwinds.
First, the approximately $15 million in NBC television rights that Notre Dame football brought into the conference during the 2020-21 COVID season vanished as the Fighting Irish returned to football independence
Second, 2021-22 was a season in which the Orange Bowl, the ACC’s contracted New Year’s Six postseason game, hosted a College Football Playoff semifinal. In those years, the ACC does not receive its Orange Bowl payout of approximately $25 million.
In previous seasons that the Orange Bowl hosted a playoff semifinal, 2015-16 and 2018-19, ACC revenue decreased 7.4% and 2%, respectively.
Finally, 2021-22 marked the first season that no ACC team qualified for the CFP, denying the league a $6 million CFP payout.
To summarize: Despite losing approximately $46 million, or 8%, of its 2020-21 revenue, the ACC still expects to report a significant revenue increase on its 2021-22 tax forms, which won’t be filed until late spring.
And an interesting discussion of unequal revenue sharing going forward, which has yet to be decided, but appears to have momentum for some change.
Article linked below, and I copied and pasted part of it .... but it's worth a click to read through.
Teel: ACC expects record revenue in 2021-22. How best to allocate now, and in future?
Obscured by understandable buzz surrounding North Carolina’s veteran talent, Duke’s coaching transition and potential NCAA tournament expansion was this nugget from the ACC’s preseason basketball gathering earlier this month:
....
“We’re in the process of finalizing the financials from [2021-22],” second-year commissioner Jim Phillips said, “and as expected, our schools will receive a sizable increase following the ACC Network reaching full distribution last December. We are proud to have exceeded our initial projections, resulting in additional revenue to our schools.”
This is notable for several reasons:
The ACC in 2020-21 reported a league-record $578.3 million in revenue which translated to an average per-school distribution of $36.1 million. A “sizable” bump from record numbers is encouraging, even as the Big Ten and SEC continue to dominate the financial, though not competitive, landscape.
Even more heartening for the ACC: Revenue in 2021-22 increased despite significant headwinds.
First, the approximately $15 million in NBC television rights that Notre Dame football brought into the conference during the 2020-21 COVID season vanished as the Fighting Irish returned to football independence
Second, 2021-22 was a season in which the Orange Bowl, the ACC’s contracted New Year’s Six postseason game, hosted a College Football Playoff semifinal. In those years, the ACC does not receive its Orange Bowl payout of approximately $25 million.
In previous seasons that the Orange Bowl hosted a playoff semifinal, 2015-16 and 2018-19, ACC revenue decreased 7.4% and 2%, respectively.
Finally, 2021-22 marked the first season that no ACC team qualified for the CFP, denying the league a $6 million CFP payout.
To summarize: Despite losing approximately $46 million, or 8%, of its 2020-21 revenue, the ACC still expects to report a significant revenue increase on its 2021-22 tax forms, which won’t be filed until late spring.
