New TV Deal for ACC?
With the addition of Syracuse and Pittsburgh, the ACC was able to open up its negotiations with ESPN regarding television contract rights. Currently, the twelve ACC schools have a 12-year, $1.86 billion agreement that pays each school approximately $13 million per year.
If the negotiations go as planned, just adding Syracuse and Pittsburgh will result in at least one or two million dollars more for each school:
Under the new terms that are being negotiated, each of the ACC’s 14 schools can expect at least $14 million to $15 million a year, sources said, depending on how negotiations between the conference and ESPN conclude.
That would help the ACC close a fairly significant annual revenue gap with other major conferences. The Pac-12 and Big Ten each are distributing close to $21 million per school a year. The SEC’s deal provides $17 million per school, and the Big 12’s schools each average $15 million.
There is talk that the ACC’s deal will be extended for three more years.
While the extra money is good news, it will not start until Pitt and Syracuse actually begin playing in the ACC. So this adds increased urgency for the Big East and the two schools to resolve their differences.
The article further notes the remaining disparity between the ACC and the other conferences. When the SEC renegotiates its deal, it will likely reach the payouts of the Big Ten and Pac-12. And the Big XII gets to renegotiates with ESPN in about 5 years. It is unclear whether this TV revenue increase will satisfy Florida State, Clemson, and others who are troubled by the SEC’s advantage.