The Atlantic Coast Conference (ACC) achieved a significant milestone in the 2023-24 academic year, distributing an average of $45 million to each of its 14 full-time member schools. This record-breaking distribution was part of the conference's total revenue of $711 million, as revealed in the latest tax documents.

Financial Overview

• Total Revenue: $711 million
• Per School Distribution: $45 million
• Year-over-Year Growth: Small uptick
• Five-Year Growth: Approximately 56% increase

Conference Comparisons

Despite this achievement, the ACC remains in third place among major conferences, trailing behind the SEC and Big Ten. The SEC distributed $808 million in 2023-24, averaging $53 million per school, while the Big Ten's revenue is expected to surge following a new TV deal.

Legal and Financial Challenges

The ACC has faced legal challenges from member schools like Florida State and Clemson, which sought to challenge the conference's grant of rights. A settlement was reached earlier this year, introducing a new revenue-distribution model that prioritizes the biggest brands.

Future Outlook

ACC Commissioner Jim Phillips expressed optimism about the conference's stability for the next three to four years. He emphasized the need for the college athletics landscape to 'settle down' and focus on strategic growth.

Success Initiatives

In response to Florida State's push for changes, the ACC adopted 'success initiatives' to reward schools that excel in postseason football and basketball. These initiatives, combined with brand payouts based on TV ratings, aim to narrow the revenue gap with the SEC and Big Ten.

Conclusion

As the ACC continues to navigate financial and competitive challenges, its record distribution in 2023-24 marks a significant step towards future growth and stability in college sports.