Pitt receives highest ACC payout in 2021-2022 fiscal year

PITTSBURGH — With all the talk about the ACC’s “magnificent seven,” it’s interesting to see that Pitt, not a group member, received the highest payout for the 2021-22 season, according to the tax returns publicly released by the conferences earlier today. This was mainly due to winning the ACC in football in 2021. Overall Pitt finished with a payout of $41.3 million and was followed by Virginia Tech (40.4 million) and Virginia (39 million).

The conference reported the third-highest revenue at $617 million, trailing the Big Ten ($845.6 million) and SEC ($802 million), who released their tax returns in February. All Power Five conferences combined received over $3.3 billion. While the ACC had the third-highest revenue, but Big 12 teams ended up receiving slightly more money as each payout was between $42 – $44 million, which made the ACC the fourth-highest average payout. On average, ACC schools received between $37.9 million to $41.3 million.

Read the full story from our partners at Sports Now Group Pittsburgh here.

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