BleedGopher
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Per Backus:
Power Five conferences generated over $3.55 billion in revenue during the 2023 fiscal year, according to tax records obtained by USA Today. The Big Ten led its counterparts with $880 million, an almost $35 million increase from 2022. The SEC did close the gap some with $852.6 million in revenue and doled out about $51.3 million to each of its member conferences.
The Big Ten distributed $60.5 million to its 12 longest-tenured members, while Maryland and Rutgers, which joined the conference in 2014, each received $58.9 million.
Though its $707 million figure was third among the power conferences, the ACC did report a $90 million revenue increase that paced Power Five schools. According to USA Today, around $38 million of that increase came from TV revenue through its deal with Comcast.
Each ACC school received an average of $44.8 million, while Notre Dame, a full-time ACC member in most sports, was granted $22.1 million due its independent status in football.
In its last year as a fully fledged league, the Pac-12 brought in $603.9 million, which was an increase of around $23 million. Despite that, the amount distributed dropped by about $3.4 million per school.
www.cbssports.com
Go Gophers!!
Power Five conferences generated over $3.55 billion in revenue during the 2023 fiscal year, according to tax records obtained by USA Today. The Big Ten led its counterparts with $880 million, an almost $35 million increase from 2022. The SEC did close the gap some with $852.6 million in revenue and doled out about $51.3 million to each of its member conferences.
The Big Ten distributed $60.5 million to its 12 longest-tenured members, while Maryland and Rutgers, which joined the conference in 2014, each received $58.9 million.
Though its $707 million figure was third among the power conferences, the ACC did report a $90 million revenue increase that paced Power Five schools. According to USA Today, around $38 million of that increase came from TV revenue through its deal with Comcast.
Each ACC school received an average of $44.8 million, while Notre Dame, a full-time ACC member in most sports, was granted $22.1 million due its independent status in football.
In its last year as a fully fledged league, the Pac-12 brought in $603.9 million, which was an increase of around $23 million. Despite that, the amount distributed dropped by about $3.4 million per school.
Big Ten remains Power Five revenue leader with $880 million haul for 2023 fiscal year, per report
For the second year in a row, the Big Ten generated more revenue than its power conference counterparts
www.cbssports.com
Go Gophers!!
