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.

Download the FREE WPXI News app for breaking news alerts.

Follow Channel 11 News on Facebook and Twitter. | Watch WPXI NOW

©2023 Cox Media Group