The college football season doesn’t start until the fall but it’s never too early to start looking ahead.
USA TODAY Sports
The 2014 and 2015 fiscal years were very good for the Atlantic Coast Conference’s income, from the TV rights fee increase that went with adding three schools, to the debut of the College Football Playoff, to the $31 million exit-fee settlement it received in connection with Maryland’s departure to the Big Ten.
In fiscal 2016, those revenue-drivers were either gone or diminished. In addition, the conference’s usual payout from the Orange Bowl dropped, which will occur every third year when that event becomes a CFP semifinal rather than a game set to feature the ACC champion.
Add it all together, and the ACC ended up with about $30 million less in a fiscal year ending June 30, 2016 than it did a year earlier, the conference’s new federal tax return showed.
The ACC reported $373.4 million in total revenue for fiscal 2016, according to the document, which the conference provided Friday in response to a request from USA TODAY Sports. It reported $403.1 million in fiscal 2015.
In 2013, the ACC reported $232.4 million in revenue.
The new return also showed that ACC commissioner John Swofford was credited with just under $3 million in total compensation for the 2015 calendar year, nearly all in base pay. That represents a $300,000 increase in Swofford’s pay from what he received in 2014. (Under IRS rules, a non-profit organization must report its revenue and expense data based on its fiscal year, but it must report annual compensation data based on the calendar year completed during its fiscal year.)
Swofford’s total pay for 2015 was more than double the $1.46 million reported for him in 2010.
The ACC was the last of the five power conferences to release its new tax records. Altogether, those conferences reported just under $2.3 billion in revenue for fiscal 2016….