The ACC announced a revised revenue model that would reward high-achieving programs with additional financial gains in an effort to catch bloated Big Ten and SEC conference payouts in the coming years. Plans for the new model, which is set to begin during the 2024-25 school year, have not been finalized, but the “success incentives” are expected to reward post-season success schools with a much larger portion of the distribution.
“The ACC Board continues to be committed to exploring all potential opportunities that will result in additional revenue and resources for the conference,” said Vince Price, Duke President, who also serves as chairman of the board. “Today’s decision provides a path to reward sporting success while distributing additional revenue to the full membership.”
Under one model proposed by Florida State Athletic Director Michael Alford 247 sportsHigh-achieving ACC schools could receive more than $10 million plus additional revenue, a significant increase from the $39.4 million the league distributed in 2021-22, according to records obtained by Richmond Times Dispatch.
For the 2022-23 season, Sc He earned $6 million for its conference berth with the College Football Playoff; A selection of six non-breaking New Year’s bowls pays $4 million. In total, the CFP pays a principal amount of nearly $80 million to each Power Five conference as long as the member institutions meet academic expectations. Under a different model, more of those payments could go to top schools. Clemson, for example, would have been the first to benefit from this change in 2022 after earning a trip to the Orange Bowl.
Revenues for base TV and other ACC distributions will remain unchanged. The long-term ACC television contract with ESPN, including distribution to the ACC network, is expected to clear $30 million next season, setting the high ground for all 14 ACC schools. However, the ACC’s standard payouts ranked fourth in the conference distribution average, according to the USA TodayAnd It lags behind the SEC, Big Ten, and Big 12.
Florida State and Clemson have been particularly vocal about the need for additional resources to compete with the new Big Ten contract, which is expected to pay an average of $75 million per season. Seven league institutions have openly checked Grant the rights to the feasibility of separating before 2036, but what would be prohibitive buyouts are unlikely to pay for breaking the TV contract nearly 15 years ago.
“Today’s approval follows important and meaningful conversations by the ACC Board,” said ACC Commissioner Jim Phillips. “To be sure, I applaud their thoughtfulness and continued commitment to teamwork. While we’ve been constantly reaching out, we remain dedicated to exploring all options to enhance support for our member institutions and their student-athletes.”