Louisville Basketball: Pat Calci praised the team after the loss of NCAA tournament
Louisville basketball coach Pat Kelsey praised Cardinals after a loss of 89–75 to Kreyon in the first round of the 2025 NCAA tournament.
- ACC reported $ 487.1 million in television revenue for FY2024, which is about $ 6 million from FY2023.
- The ACC had $ 711.4 million in total revenue during the 2024 financial year, showing federal tax records of the conference. This is a small increase from $ 706.7 million reported in 2023.
ACC The total revenue during the 2024 financial year was $ 711.4 million, showing the federal tax records of the conference. The League distributed each of its member schools between $ 43.1 million and $ 46.4 million, except for the Notre Dame, which got $ 20.7 million. University of louisvilleWhich has been part of ACC since 2014, received $ 46.4 million.
This revenue figure marks a small increase from $ 706.7 million reported in 2023.
“It is a high watermark for the league in the history of the league,” Commissioner gym philips On Wednesday, said in ACC spring meetings in Amelia Island, Florida. “But I try not to sit on anyone still and try to remain creative in any way that we can generate and provide additional resources for our schools. But it is really a good way, and it is going in the right direction.
“You see it over the period of time, and whether it was expanded, or with some things ESPN Or even with just our championships, with football and basketball, it was a really good positive impact for our schools. ,
Revenue will increase for the ongoing 2025 financial year after expanding the conference to connect California, Stanford and SMU. It will also be the first year of incentive payment for football, men’s basketball and women’s basketball.
ACC reported $ 487.1 million in television revenue for FY2024, which is about $ 6 million from FY2023.
In January, ESPN used its opt-in clause with ACC, expanding the deal of its media rights through 2036. After about two months, Clemson, Florida State And the conference ended their cases against each other. they agreed A disposal dramatically reduces exhaust punishment and changes the revenue-sharing system of the league,
The cost of leaving the ACC will decline in $ 18 million every year through 2029-30. Then the fee will fall to $ 75 million, and will be able to maintain their media rights with the school league.
Under New revenue-sharing modelIncluding 40% of the money equally among the 14 longest members of the ACC League – including – Clemson, Florida State And Louisville. Other 60% will be distributed on the basis of ratings from the last five years. Basketball and football ratings will be considered, although the Gridiron viewership will take over weight, as it is responsible for about 75% of the league’s TV revenue.
Louisville is very well deployed behind the league’s largest football brands in FSU, Claimson, Miami And Bill Belichic-Te North CarolinaUK Football Viewership finished fifth in ACC during 2024 and 2021 seasons Medium.comThe cards were third in 2023 behind seminols and tigers.
This latest filing stands third among the power four conferences of ACC. Big ten And Second In terms of money.
According to its federal tax returns, during FY2024, Big Ten had more than $ 928 million in total revenue, and its 12 longest -running member schools paid around $ 63.2 million. The SEC reported $ 840 million in total revenue and distributed $ 52.5 million on an average from 14 member schools (not including Oklahoma and Texas). Both leagues are expected to exceed $ 1 billion in revenue during the ongoing 2025 fiscal year, when the USA Today reported, when the new TV deals indicates the expansion of the conference.
Meanwhile, SEC and Big Ten are looking for themselves even more favorable to the situation College football playoffsWhich in return will have more money in their pockets.
The CFP website put revenue distribution for the 2024-25 season as follows:
- “Each conference will receive $ 300,000 for each of its schools when the school’s football team meets the APR of NCAA for participation in a Postsen football game. Each independent institute will also receive $ 300,000 when its football team meets that standard.
- “A conference will receive $ 4 million for each team that forms the college football playoffs (12 schools) and each team that carries forward the playoff quarter -finals (eight schools).
- “A conference will receive $ 6 million for each team that extends a playoff semifinal (four schools) and each team for the National Championship Game (two schools).
- “Each conference whose team participates in college football playoffs will receive $ 3 million to cover expenses for each round.”
SEC and Big Ten are advocating for a 16-tim playoff (above the current area of 12), for each with four automatic qualifiers, for each, two each for ACC and Big 12And four and big bids.
Philips told reporters at the ACC spring meeting that he remains “regardless of the firmness and model about the fairness in the system. “Louisville football coach Jeff brueham Said that he disagrees with the “100%” automatic dialect model, instead saying that “if it spreads up to 16, put 16 best teams in.”
Louisville was included in 2023 as the last pole number 15 team under that criteria. The ACC also had three teams in the previous season: Claymason (ACC Championship Game Winner), SMU (ACC Regular-Seasons Champion) and Miami (No. 13 in the final poll).
Philips, the highest paid officer of the league, received approximately $ 4.1 million in total compensation, including $ 3.95 million in Aadhaar compensation. This base amount is about an increase of 50% from its total for 2022 calendar year. USA Today reported that according to a league spokesperson, “A compensation adjustment towards the board”, the directors of the directors of the conferences, who are composed of the CEO of the school.
In addition, legal expenses outside the ACC increased from $ 7.2 million to $ 12.3 million in FY2023, as it faced cases with Clamson and Florida State and House vs. NCAA litigation.
Reach the college sports enterprise reporter Petan Titus at ptitus@gannett.com, and follow it at X @Petitus 25.