Big Ten remains Power Five revenue leader with $880 million haul for 2023 fiscal year, per report

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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. 

Power Five conference revenue for 2023 fiscal year 

Big Ten

$880 million

$60.5 million to longest-standing members; $58.9 million to Maryland and Rutgers

SEC

$852.6 million

$51.3 million

ACC

$707 million

$44.8 million

Pac-12

$603.9 million

$33.6 million

Big 12

$510.7 million

$44.2 million

Source: USA Today 

These numbers will change radically in 2024 as conference realignment and new TV deals start to take effect. The SEC…

Source link : https://www.cbssports.com/college-football/news/big-ten-remains-power-five-revenue-leader-with-880-million-haul-for-2023-fiscal-year-per-report/

Author : Will Backus

Publish date : 2024-05-23 20:11:48

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