Greensboro, NC, United States (4E Sports) – Members of the Atlantic Coast Conference (ACC) have received a record $291.7 million in total revenue for the 2013-14 fiscal year, the league revealed.
The total is higher by $56.6 million over last year, when the ACC was a 12-member conference. The ACC now has 15 members with the additions of Pittsburgh, Syracuse and Notre Dame in all sports except for football.
Expansion allowed the ACC to renegotiate its television deal, a big reason why revenues have increased. All 14 full members are set to receive an average of $20.8 million, up $1.2 million from last year.
Notre Dame will receive a different share, which was undisclosed.
The $20.8 million average each school is in line to receive is nearly identical to what will go to the 14-team SEC, which announced last week it will hand out slightly more than $20.9 million to its member schools after a record $292.8 million in total revenue.
The Big 12 also announced last week it would distribute a record $23 million to each of its 10-member schools.
Maryland will have its share withheld until its lawsuit against the league is resolved after it leaves the ACC for the Big Ten on July 1.
The Terps are challenging whether they should pay the $52 million exit fee required by ACC bylaws. The ACC countersued. A mediator has been assigned to try and work out a settlement between the two.
The distributions from the ACC do not include the individual multimedia rights deals each school owns.