Report: ACC Reports Revenue of $617 Million for 2022

ACC is third among the power five conferences in revenue

There has been plenty of discussions this week in the ACC about figuring out ways to close the gap with the Big Ten and SEC in terms of revenue and all of that has come amidst rumors of ACC schools looking to find a way out: 

Clemson, FSU, Miami, UNC, NC State, Virginia & Virginia Tech are “The Magnificent 7” ACC schools, sources told @ActionNetworkHQ. These schools, @RossDellenger reported, have met in past several months, w/lawyers examining grant-of-rights to determine just how unbreakable it is.…

— Brett McMurphy (@Brett_McMurphy) May 15, 2023

One of the reasons for the schools wanting to leave is the sizeable gap in revenue when comparing the ACC to the Big Ten and SEC. The revenue for the 2022 fiscal year is out for the ACC and while they saw an increase in total revenue, it still trails the other two conferences. 

According to a report from USA Today's Steve Berkowitz, the ACC reported revenue of $617 Million, which is third among the power five conferences. 

Here is what Berkowitz had to say about the increase in revenue for the ACC: 

"The total increased by $38.7 million from fiscal 2021 (6.7%), when the ACC joined the SEC as the only Power Five conferences to have a year-over-year revenue increase, as they were the most aggressive in their approaches to staging football games during the 2020 football season amid a period of considerable caution about the pandemic. The increase in fiscal 2022 was driven by the ACC Network reaching full distribution in December 2021, the conference said in a statement."

So how much did each school receive in the distribution?

"$37.9 million to $41.3 million, fourth among Power Five, with Notre Dame receiving $17.4 million while playing football as an independent.

The payouts vary because of reimbursements for bowl travel and participation in ACC championship events, a conference spokesperson said. They increased from fiscal 2021, in part because Notre Dame received a full share of nearly $35 million after playing the 2020 football season as an ACC school."

For now, Georgia Tech is not among the schools seeking to explore an exit from the ACC and it will be interesting to see what happens if those schools do indeed find a way to leave the conference. 

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