Just received #ACC's 2018-19 tax filing. Due to league's contract bowl (Orange) hosting CFP semi, revenue declined 2%, to $455.4M. Average distribution to full members $28.8M, topped by Clemson's $34M. Partial member Notre Dame $6.8M.— David Teel (@ByDavidTeel) July 10, 2020
ACC schools already are seeing less money (this doesn't account for what may happen going forward. Per school payout is below PAC12.
#UVA AD Carla Williams, on financial impact, projects "anywhere from a 15 to 30-percent shortfall, and that's if we have an uninterrupted football and basketball season."Said all employees making over $100,000 - and some below that - have taken voluntary pay cuts. Budget cut 10%— Mike Barber (@RTD_MikeBarber) July 10, 2020
Major budget cuts at programs that bring in a lot more money than Tech and are seeing major budget cuts. Where does Tech go from here the next 6,12,18 months?
FSU's athletics budget last year was around $108 million. So this cut likely will be well over $20 million. And that's probably assuming they do play some form of football season. Whew. https://t.co/U2BZ1yvuBs— Ira Schoffel (@IraSchoffel) July 10, 2020