David Teel
Unlike the SEC and others, #ACC has not projected 2014-15 revenue, but with MD settlement and CFP windfall, expect significant spike.
Maryland shown as receiving $18.0M in 2013-14 #ACC revenue, but that w/held in court settlement. Will eventually go to remaining schools.
More #ACC distributions: Miami $19.5M, BC $19.4M, GT $19.2M, Cuse $19.2M, Pitt $18.9M, NC State $18.2, WF $17.9M, ND $4.9M.
A year ago, #ACC estimated 2013-14 revenue at $291.7M, so came in more than $11M above projection.
Just received #ACC 2013-14 tax return. Total revenue up 30% to $302,306,749. Biggest jumps: TV to $197.2M and bowls to $48.8M.
Shows how much more football is worth. ND is only getting basketball/non-FB share and it's over $14 million less. https://twitter.com/DavidTeelatDP/status/609392931930251264 …
More #ACC distributions: Miami $19.5M, BC $19.4M, GT $19.2M, Cuse $19.2M, Pitt $18.9M, WF $17.9M, ND $4.9M.
ACC brings in over $300 million for 2013-14
"The ACC hit a record in revenue for the 2013-14 year, bringing in over $300 million to beat its own projections.
"The ACC hit a record in revenue for the 2013-14 year, bringing in over $300 million to beat its own projections.
According to IRS filings, the ACC had a record $302.3 million in revenue for last season, its first year as a 15-member league. But 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 each received an average of about $22.1 million. Notre Dame, a full member in all sports but football, received $4.9 million, according to the IRS filing. Last year, the ACC projected it would bring in about $291 million."
http://csnbbs.com/thread-738898-page-23.html
"Rights and Licensing revenue for 2014 broke down this way (from USA Today):
Clemson: $29,962,584
S Carolina: $31,593,526
Florida State: $40,493,922
Florida: $39,424,395
So, yes, the last year that ACC data is currently available it was neck-and-neck with the SEC.
Even the SEC numbers being quoted are not "official" yet.
BTW, I think Teel's numbers are a subset of the above revenues. "
"Lou_C Wrote: Ok...so David Teel just got the ACC tax returns for 2013-14. Here's what everyone got...
VT $19.3M
UVa $18.3M
Clemson $21.3
Duke & FSU $20.2M
UNC $19.8M
Miami $19.5M
BC $19.4M
GT $19.2M
Cuse $19.2M
Pitt $18.9M
N.C. State $18.2M
WF $17.9M
ND $4.9M
This does NOT include championship reimbursements, for whatever that's worth.
This is NOT for comparison to the SEC numbers in this thread of $31M. That is what the SEC will distribute for 2014-2015...this is for 2013-2014. The SEC distributed $20.9M per school for 2013-2014. So before the SEC Network, the ACC had pulled reasonably close.
The ACC (and I think PAC) does NOT announce projected payments. We don't find out until someone get's their hands on their tax returns.
So this does not include the playoff money, any tv increases, or new bowl payments coming in 2014-2015. So the question is how much is that worth, and how far it will be behind $31M."
ACC tax return shows doubling of revenue last four years but future challenges
"The ACC reported $302,306,749 in revenue, nearly $11 million more than the $291.7 million it had estimated last spring. Moreover, the windfall was 30 percent higher than 2012-13’s $232.4 million and nearly double 2009-10’s $158.2 million.
Member schools, league HQ and fans have every reason to welcome the news, but no one should confuse the ACC with the Big Ten and Southeastern Conference, the Bill Gates and Warren Buffett of college sports.
And everyone should continue to recognize the ACC’s need to team with ESPN on a profitable cable channel that would partially close the revenue gap with the Big Ten and SEC, each of which boasts a cash-printing cable network.
Some observations regarding the ACC's tax return and long-term finances:
# Like each of the five power conferences, the ACC’s revenue bump was fueled by television rights fees, which jumped from $146.6 million in 2012-13 to $197.2 million in 2013-14, the league’s first with 14 members for football and 15 – Notre Dame is the partial – for other sports. Thanks to its ESPN contracts, ACC media rights have increased 149 percent in the last three years.
# In keeping with past ratios, the ACC distributed 91 percent of its revenue to member schools – the league does not disclose the exact formula, but it includes football bowl participation and other performance metrics. Shares ranged from Clemson’s $21.3 million to Wake Forest’s $17.9 million. Virginia Tech’s was $19.3 million, Virginia’s $18.3 million.
Notre Dame’s partial share was $4.9 million, and while the tax return, Form 990 for the CPAs in the audience, showed Maryland receiving $18.0 million in its final year of ACC membership, that money was withheld as part of a court settlement over the Terps’ move to the Big Ten. Maryland’s negotiated exit fee of approximately $31 million will be shared among the ACC’s remaining members and likely will be reflected in 2014-15 distributions.
None of the above shares include an approximately $11 million championship pool that the ACC reserves for programs that qualify for NCAA postseason."
"Lack of projection notwithstanding, ACC revenue should increase markedly again. First, there’s the Maryland settlement money. Second, there’s a windfall from the inaugural College Football Playoff – the ACC’s share was about $58.3 million, a 70-percent jump from the $34.2 million provided by the Bowl Championship Series in 2013-14. Finally, there's the new Orange Bowl contract, which began last season and is valued at $27.5 million.
# Analyzing conference distributions is an annual rite among media and fans, even as varying accounting practices and cycles of television contracts preclude precise comparisons.
CBSSports.com’s Jon Solomon and the San Jose Mercury-News’ Jon Wilner excel at gathering and assessing data from the power conferences, and according to their reporting on the other four, the ACC’s average $19.2 million distribution to full members in 2013-14 lagged far behind the Big Ten ($26.4 million) and slightly below the Pacific 12 ($21 million), SEC ($20.9 million) and Big 12 ($19.8 million).
The contrasts could be more jarring in 2014-15, and beyond.
The SEC and Big 12 last month projected per-school distributions of $31.2 million and $25.6 million, respectively. The SEC’s 49-percent jump is due in large measure to the rousing launch of the SEC Network, a partnership with ESPN that the ACC can only hope to approach -- South Carolina athletic director Ray Tanner told his school’s Board of Trustees that each of the league’s 14 members netted about $5 million from the network.
According to an internal Purdue document obtained by the Lafayette (Ind.) Journal & Courier, the Big Ten expects per-school shares to mushroom to $44.5 million by 2017-18, the first year of the conference’s renegotiated Tier One television deals.
The ACC’s contract with ESPN extends through 2026-27.
Which brings us to the relentlessly parsed prospects for an ACC channel. The league office has told athletic directors and coaches to refrain from such discussions, and Swofford understandably offers only enough nuggets to encourage, but not inflate, expectations.
As knowledgeable sports business reporter Chadd Scott wrote earlier this month on SportsDayNow.com, a channel is not a cure-all for the ACC. Indeed, as evident in USA Today’s 2013-14 database of public school athletic revenue and expenses, shortfalls in ticket sales and fundraising are primary reasons No. 17 Florida State was the only ACC member among the top 25 nationally in revenue.
The 14 full-time ACC members each received an average of about $22.1 million. Notre Dame, a full member in all sports but football, received $4.9 million, according to the IRS filing. Last year, the ACC projected it would bring in about $291 million."
http://csnbbs.com/thread-738898-page-23.html
"Rights and Licensing revenue for 2014 broke down this way (from USA Today):
Clemson: $29,962,584
S Carolina: $31,593,526
Florida State: $40,493,922
Florida: $39,424,395
So, yes, the last year that ACC data is currently available it was neck-and-neck with the SEC.
Even the SEC numbers being quoted are not "official" yet.
BTW, I think Teel's numbers are a subset of the above revenues. "
"Lou_C Wrote: Ok...so David Teel just got the ACC tax returns for 2013-14. Here's what everyone got...
VT $19.3M
UVa $18.3M
Clemson $21.3
Duke & FSU $20.2M
UNC $19.8M
Miami $19.5M
BC $19.4M
GT $19.2M
Cuse $19.2M
Pitt $18.9M
N.C. State $18.2M
WF $17.9M
ND $4.9M
This does NOT include championship reimbursements, for whatever that's worth.
This is NOT for comparison to the SEC numbers in this thread of $31M. That is what the SEC will distribute for 2014-2015...this is for 2013-2014. The SEC distributed $20.9M per school for 2013-2014. So before the SEC Network, the ACC had pulled reasonably close.
The ACC (and I think PAC) does NOT announce projected payments. We don't find out until someone get's their hands on their tax returns.
So this does not include the playoff money, any tv increases, or new bowl payments coming in 2014-2015. So the question is how much is that worth, and how far it will be behind $31M."
ACC tax return shows doubling of revenue last four years but future challenges
"The ACC reported $302,306,749 in revenue, nearly $11 million more than the $291.7 million it had estimated last spring. Moreover, the windfall was 30 percent higher than 2012-13’s $232.4 million and nearly double 2009-10’s $158.2 million.
Member schools, league HQ and fans have every reason to welcome the news, but no one should confuse the ACC with the Big Ten and Southeastern Conference, the Bill Gates and Warren Buffett of college sports.
And everyone should continue to recognize the ACC’s need to team with ESPN on a profitable cable channel that would partially close the revenue gap with the Big Ten and SEC, each of which boasts a cash-printing cable network.
# Like each of the five power conferences, the ACC’s revenue bump was fueled by television rights fees, which jumped from $146.6 million in 2012-13 to $197.2 million in 2013-14, the league’s first with 14 members for football and 15 – Notre Dame is the partial – for other sports. Thanks to its ESPN contracts, ACC media rights have increased 149 percent in the last three years.
# In keeping with past ratios, the ACC distributed 91 percent of its revenue to member schools – the league does not disclose the exact formula, but it includes football bowl participation and other performance metrics. Shares ranged from Clemson’s $21.3 million to Wake Forest’s $17.9 million. Virginia Tech’s was $19.3 million, Virginia’s $18.3 million.
Notre Dame’s partial share was $4.9 million, and while the tax return, Form 990 for the CPAs in the audience, showed Maryland receiving $18.0 million in its final year of ACC membership, that money was withheld as part of a court settlement over the Terps’ move to the Big Ten. Maryland’s negotiated exit fee of approximately $31 million will be shared among the ACC’s remaining members and likely will be reflected in 2014-15 distributions.
None of the above shares include an approximately $11 million championship pool that the ACC reserves for programs that qualify for NCAA postseason."
"Lack of projection notwithstanding, ACC revenue should increase markedly again. First, there’s the Maryland settlement money. Second, there’s a windfall from the inaugural College Football Playoff – the ACC’s share was about $58.3 million, a 70-percent jump from the $34.2 million provided by the Bowl Championship Series in 2013-14. Finally, there's the new Orange Bowl contract, which began last season and is valued at $27.5 million.
# Analyzing conference distributions is an annual rite among media and fans, even as varying accounting practices and cycles of television contracts preclude precise comparisons.
CBSSports.com’s Jon Solomon and the San Jose Mercury-News’ Jon Wilner excel at gathering and assessing data from the power conferences, and according to their reporting on the other four, the ACC’s average $19.2 million distribution to full members in 2013-14 lagged far behind the Big Ten ($26.4 million) and slightly below the Pacific 12 ($21 million), SEC ($20.9 million) and Big 12 ($19.8 million).
The contrasts could be more jarring in 2014-15, and beyond.
The SEC and Big 12 last month projected per-school distributions of $31.2 million and $25.6 million, respectively. The SEC’s 49-percent jump is due in large measure to the rousing launch of the SEC Network, a partnership with ESPN that the ACC can only hope to approach -- South Carolina athletic director Ray Tanner told his school’s Board of Trustees that each of the league’s 14 members netted about $5 million from the network.
According to an internal Purdue document obtained by the Lafayette (Ind.) Journal & Courier, the Big Ten expects per-school shares to mushroom to $44.5 million by 2017-18, the first year of the conference’s renegotiated Tier One television deals.
The ACC’s contract with ESPN extends through 2026-27.
Which brings us to the relentlessly parsed prospects for an ACC channel. The league office has told athletic directors and coaches to refrain from such discussions, and Swofford understandably offers only enough nuggets to encourage, but not inflate, expectations.
As knowledgeable sports business reporter Chadd Scott wrote earlier this month on SportsDayNow.com, a channel is not a cure-all for the ACC. Indeed, as evident in USA Today’s 2013-14 database of public school athletic revenue and expenses, shortfalls in ticket sales and fundraising are primary reasons No. 17 Florida State was the only ACC member among the top 25 nationally in revenue.
Of the record 20 public schools that reported more than $100 million in income, the SEC and Big Ten accounted for seven each, the Big 12 three, Pac-12 two and ACC one.
Perhaps Scott’s most salient point is that with small, private schools such as Duke and Wake Forest, the ACC’s average undergraduate enrollment, including Notre Dame, is approximately 15,700. So despite a geographic footprint that includes half the U.S. population, the ACC has a smaller fan base than the SEC (average enrollment of about 24,500) and Big Ten (27,800), making a potential network a harder sell.
Granted, if money guaranteed success, top-10 revenue producers Texas, Michigan and Florida wouldn’t have given the bum’s rush to football coaches Mack Brown, Brady Hoke and Will Muschamp. And half the top 20 wouldn't have failed to reach the 2015 NCAA men's basketball tournament.
But ACC schools, collectively and individually, need to find more money. The task won’t be easy, and even if they do, the Big Ten and SEC still figure to lead the arms race.
The ACC's challenge: Do more with less.
Some charts offered for context. The first shows recent ACC revenue for rights fees, football bowls, NCAA basketball tournament and the average, per-school share.
ACC REVENUES LAST SEVEN YEARS
Total TV Bowl NCAA Avg. share
2007-2008 $162.8 $75.3 $29.2 $15.1 $11.8
2008-2009 $172.7 $76.9 $30.7 $15.9 $13.6
2009-2010 $158.2 $77.6 $31.6 $18.2 $11.7
2010-2011 $167.2 $79.3 $36.7 $18.2 $12.3
2011-2012 $223.6 $130.5 $43.8 $17.7 $16.9
2012-2013 $232.4 $146.6 $36.7 $18.2 $17.6
2013-2014 $302.3 $197.2 $48.8 $17.5 $19.2*
* Average full share. Partial ACC member Notre Dame received $4.9 million in its first year in the league.
VIRGINIA TECH, VIRGINIA SHARES OF ACC REVENUE
Tech UVa
2007-2008 $12.8 $12.1
2008-2009 $15.4 $12.5
2009-2010 $11.9 $11.0
2010-2011 $14.1 $11.2
2011-2012 $18.5 $17.4
2012-2013 $18.3 $16.8
2013-2014 $19.3 $18.3
SCHOOL SHARES FOR 2013-14
Clemson: $21.3M
Florida State: $20.2M
Duke: $20.2M
North Carolina: $19.8M
Miami: $19.5M
Boston College: $19.4M
Virginia Tech: $19.3M
Georgia Tech: $19.2M
Syracuse: $19.2M
Pittsburgh: $18.9M
Virginia: $18.3M
N.C. State: $18.2M
Wake Forest: $17.9M
Notre Dame: $4.9M"
Perhaps Scott’s most salient point is that with small, private schools such as Duke and Wake Forest, the ACC’s average undergraduate enrollment, including Notre Dame, is approximately 15,700. So despite a geographic footprint that includes half the U.S. population, the ACC has a smaller fan base than the SEC (average enrollment of about 24,500) and Big Ten (27,800), making a potential network a harder sell.
But ACC schools, collectively and individually, need to find more money. The task won’t be easy, and even if they do, the Big Ten and SEC still figure to lead the arms race.
The ACC's challenge: Do more with less.
Some charts offered for context. The first shows recent ACC revenue for rights fees, football bowls, NCAA basketball tournament and the average, per-school share.
ACC REVENUES LAST SEVEN YEARS
2007-2008 $162.8 $75.3 $29.2 $15.1 $11.8
2008-2009 $172.7 $76.9 $30.7 $15.9 $13.6
2009-2010 $158.2 $77.6 $31.6 $18.2 $11.7
2010-2011 $167.2 $79.3 $36.7 $18.2 $12.3
2011-2012 $223.6 $130.5 $43.8 $17.7 $16.9
2012-2013 $232.4 $146.6 $36.7 $18.2 $17.6
2013-2014 $302.3 $197.2 $48.8 $17.5 $19.2*
* Average full share. Partial ACC member Notre Dame received $4.9 million in its first year in the league.
VIRGINIA TECH, VIRGINIA SHARES OF ACC REVENUE
Tech UVa
2007-2008 $12.8 $12.1
2008-2009 $15.4 $12.5
2009-2010 $11.9 $11.0
2010-2011 $14.1 $11.2
2011-2012 $18.5 $17.4
2012-2013 $18.3 $16.8
2013-2014 $19.3 $18.3
SCHOOL SHARES FOR 2013-14
Clemson: $21.3M
Florida State: $20.2M
Duke: $20.2M
North Carolina: $19.8M
Miami: $19.5M
Boston College: $19.4M
Virginia Tech: $19.3M
Georgia Tech: $19.2M
Syracuse: $19.2M
Pittsburgh: $18.9M
Virginia: $18.3M
N.C. State: $18.2M
Wake Forest: $17.9M
Notre Dame: $4.9M"
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