The Atlantic Coast Conference (ACC) reported a record revenue of $711 million for the 2023-24 academic year, distributing an average of $45 million per member school. Despite this financial success, the ACC is dealing with issues stemming from lawsuits from Florida State and Clemson. These lawsuits challenge the long-term grant of rights agreement among member schools. To mitigate discontent and push for stability, the ACC has agreed to a new revenue distribution model favoring prominent programs, aiming to enhance competitiveness and security within the conference over the next few years.
The ACC generated $711 million in revenue for the 2023-24 academic year and distributed an average of $45 million to each of its 14 member schools.
Despite record revenues, the ACC faces scrutiny and lawsuits from Florida State and Clemson over its grant of rights agreement lasting until 2036.
Commissioner Jim Phillips emphasizes the need for stability in college athletics, stating, 'The chaos and constant wondering...distracts from the business at hand.'
After negotiation, the ACC is set to adjust its revenue distribution model to better favor its top-performing schools.
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