ACC financial revenues are up significantly — a jump of more than 10 percent.
The ACC reported distributions of $29.5 million on average in the 2017-18 fiscal year, according to tax records obtained by USA Today, the Newport News Daily Press and the Virginian-Pilot on Friday.
A total of $428 million was distributed among 15 schools, up from $374 million the year before (Notre Dame gets a partial cut of the ACC revenue).
FSU received $29.7 million for the 2017-18 year, which is the latest that revenue totals are available, according to the media outlets. This represents the split of TV revenues from the deal with ABC/ESPN and Raycom as well as from bowl games (which are shared equally among the league’s teams).
The good news is that the launch of the linear ACC Network will increase the total distribution for 2019-20. By how much? Former FSU athletics director Stan Wilcox told the Board of Trustees in 2017 that he had been told the total would be $8 million-$10 million. But FSU administrators are not sure if the revenues will match those projections.
One reason for caution is the lack of early distribution for the ACC Network, which will be available on DirecTV and via streaming providers like Hulu Live, PlayStationVue and Google Fiber. But large carriers like Comcast and Charter have not signed on to carry the ACC Network. And it’s one of the main reasons why FSU and other schools have urged fans to go to www.getACCN.com to have their voices be heard, stating that they want their cable or satellite provider to carry the ACC Network when it launches Aug. 22.
According to USA Today’s Steve Berkowitz, here are the distributions to Power 5 schools (on average) for the 2017-18 fiscal year:
While the increase in distribution is good news for the ACC, the league still has a long way to go to catch up to the Big Ten and SEC.
The success of the Big Ten network has pushed each school’s distribution to $54 million annually. And the launch of the SEC Network in 2014 has helped schools in that league to receive $43.7 million annually.
But the ACC Network appears to be in far better position compared to the Pac-12 Network, which has had difficulties with distribution.
Among the advantages that the ACC has compared to the Pac-12 are a largely East Coast footprint, the deal with Notre Dame in all sports except full football membership and also the much-anticipated launch of the ACC Network.
And the timing of the ACC Network couldn’t be better as the league has national champions in football (Clemson) and men’s basketball (Virginia). It’s also a largely successful league in Olympics sports, with FSU claiming a women’s soccer title as well as support for baseball, softball and other sports.