In 2022-23, the Atlantic Coast Conference (ACC) experienced a record-breaking year, generating $706.6 million in gross revenue and distributing an average of $44.8 million to its 14 football-playing members. This represented a 14.5% increase over the previous year, making it the second-largest year-over-year increase in league history. However, despite its successes, the ACC still lags behind the Big Ten and SEC in terms of revenue. New television deals are expected to further widen this gap in the future.
Two schools, Florida State and Clemson, have filed lawsuits against the ACC as they plan for their long-term futures in light of these revenue discrepancies. The ACC saw a 9% increase in television media revenue during this period, with an average distribution per school up by 13.7% and an 88.2% increase since 2015-16. Notre Dame, which is not a football member but plays all other sports within the conference, received $22.1 million in revenue during this timeframe.
Despite these financial challenges, the ACC had a successful year overall in 2022-23, winning nine national titles and sending teams to the Final Four in both men’s and women’s basketball competitions. The league was led by Commissioner Jim Phillips who earned $2.76 million for his work during that fiscal year while John Swofford, former commissioner who retired in 2021 made nearly $6 million from the ACC since his departure
