ACC Last in Revenue/Big 10 Revenue soars to $54 million per school (Update)

So the Big 10 is at $54 million per school.  Basically the SEC is looking at $25 million a year gaps PER SCHOOL.

ACC won't survive this IMHO.  Look for a Big East slow death for the ACC.  But most of us realized this long ago watching John Swofford screw things up.


https://floridastate.forums.rivals.com/threads/growing-conference-revenue-gap-adds-to-financial-concerns.256039/

Follow-up:

Don't mean to come off as the Grim Reaper with this story. But wanted to point out some of the harsh details surrounding FSU’s current financial state and the challenges ahead.

The ACC Network will undoubtedly provide a much-needed infusion of new revenue to FSU and other ACC member schools. However, some have overstated how much and how quickly that infusion will happen. A few things to consider:

* ESPN is already paying the ACC a penalty of approximately $3 million per school for failing to launch the linear network earlier. So the $29.5 million reported distribution per school will immediately drop to $26.5 million the minute the network is launched.

* Florida State invested a little over $4 million (actually much better than most other ACC schools) to build out the infrastructure for the network. So that money will need to be recouped.

* In this list of the largest alumni bases in the country, the Big Ten had a staggering 9 of the top 15 schools. The SEC had two of the top 15. The ACC had zero. That’s one of the reasons it’s unreasonable to expect the ACC Network to bring in anywhere close to the same TV revenue as the Big Ten, or SEC.

* The ACC simply doesn’t generate the same TV ratings as the Big Ten and SEC. See this list below of the top rated non-bowl games from the 2018 football season. As you can see, there are no ACC games listed.


Commentary

When the discussion of finances comes up, there are always some that point out that Florida State has always been at a disadvantage compared to schools like Florida but have still been able to thrive. That’s very true and FSU has always been able to succeed at a high level despite this disadvantage.

However, it’s important to note that (1) the financial disparity between FSU and some of its rival schools has never been greater (see story), and (2) the costs to run a successful football program have never been greater. In just the last decade there has been a massive growth in support staffs, most major programs now have state of the art stand-alone football complexes, schools must now pay a stipend to student athletes (approx. $2 million annually for FSU), and the cost of tuition/scholarships has skyrocketed in recent years.

All that money has to come from somewhere. And if you skimp on facilities or support staffs it will catch up with you.

A prime example of this is Miami. The ‘Canes had a crazy run of success between 1983-2003. In addition to national championships, UM racked up 14 10-win or more seasons during this time. However, in the last 15 years they’ve managed just one. I spoke to someone pretty high up in the college football world recently that attributed most of the Miami’s decline to poor facilities. Through the 80’s and 90’s UM’s facilities (weight room, locker room, dorms, stadium, etc.) were only slightly behind that of other major programs. However, starting in the 2000s the divide grew exponentially. The gap finally became so wide that many elite South Florida recruits that would have normally stayed home went to schools with better facilities.

Florida State isn’t to that level yet but it may not be that far away. The standalone football complex will cost approximately $60 million to build. Significant renovations are also needed for both Dick Howser and Doak Campbell Stadium. I was informed by one university source that it will cost approximately $200 million to completely renovate Doak Campbell to where it needs to be.

Point is there are some major challenges ahead for athletics and the Seminole Boosters.


https://www.dailypress.com/sports/dp-spt-acc-revenue-taxes-0526-story.html

Here are the ACC’s distributions to each member in 2017-18.

Clemson: $31.4M

Miami: $31.0M

Boston College: $29.8M

Virginia: $29.7M

Duke: $29.7M

Florida State: $29.7M

Louisville: $29.7M

N.C. State: $29.7

Virginia Tech: $29.5M

Wake Forest: $29.1M

Syracuse: $28.6M

North Carolina: $28.5M

Pittsburgh: $28.3M

Georgia Tech: $28.1M

Notre Dame: $7.9M

All Power 5's have now released FY 18 tax returns.
Per-school distributions for the year, according to the docs:
-Big Ten: $54M to 12 longest-standing schools
-SEC: $43.7M to all except Mississippi (postseason ban)
-Big 12: $34.7M
-Pac-12 and ACC: $29.5M each

— Steve Berkowitz (@ByBerkowitz) May 24, 2019

ACC commissioner John Swofford credited with a little more than $3.5 million in total compensation for 2017 calendar year, new conference tax doc shows. That's up from $3.3 million in 2016.

— Steve Berkowitz (@ByBerkowitz) May 24, 2019

https://awfulannouncing.com/ncaa/big-ten-conference-record-revenue-759-million.html

Big 10: $54mill/school 
SEC: $43.7mill/school 
Big 12: $34.3mill/school 
Pac 12: $30.9mill/school 
ACC: $30.7mill/school 


https://www.usatoday.com/story/sports/2019/05/15/big-ten-revenue-hit-nearly-759-million-fiscal-2018/3686089002/

The revenue total was driven by new TV agreements that took effect at the start of the 2017-18 school year and resulted in payments of roughly $54 million to each of the 14-team conference’s 12 longest-standing members. Maryland and Rutgers received smaller revenue-share amounts, but both schools also received loans from the conference against future revenue shares.