The ACC generated a record $706.6 million in gross revenue in 2022-23, distributing an average of $44.8 million to its 14 football-playing members.
That figure represents a 14.5% increase from the previous year and the second-largest year-over-year increase in league history. However, despite record growth, the ACC remains behind the Big Ten (nearly $880 million) and the SEC ($852.6 million). That gap will increase in the coming years with new television deals for both the Big Ten and the SEC generating more revenue.
That looming gap is one of the main reasons Florida State and Clemson have filed lawsuits against the ACC as they try to navigate their long-term future.
According to its Form 990, released Thursday, ACC saw a 9% increase in television media revenue as it entered its third year of full distribution for the ACC Network. The average distribution by school is 13.7% higher than the previous year and has increased 88.2% since 2015-16.
Notre Dame, a member of all sports except football, received $22.1 million.
Commissioner Jim Phillips earned $2.76 million for the 2022-23 fiscal year, while former Commissioner John Swofford was listed as the second-highest paid at $2.59 million. Since his retirement in 2021, Swofford has earned nearly $6 million from the ACC.
Although the ACC trails the Big Ten and SEC in revenue, that didn't stop the league from having a banner year in 2022-23. The ACC won nine national titles, more than any other conference, and its teams advanced to the Final Four in both men's and women's basketball.
