ACC tops $400 million in revenue in 2014-15

The ACC reported $403 million in revenue for the 2014-15 year, according to its federal tax return, up $100 million from the previous year.

The 14 full-time football-playing schools received an average of $26.2 million -- putting the ACC third among the Power 5 conferences. Notre Dame, a member in all sports but football, received $6.2 million.

Why the increase? The added revenue includes the $31 million exit fee from Maryland and a much bigger payout from the College Football Playoff. In 2014-15, the ACC received $94.2 million in bowl payments alone. Television money accounted for $217.9 million.

Based on distributions to each program, Florida State received the highest payout at $27.6 million, while Syracuse got the lowest at nearly $24 million.

ACC commissioner John Swofford made $2.7 million, nearly $600,000 more than he made the previous year.

In addition, the league also paid its schools more than $11.6 million in championship reimbursements, which is not reflected in the payout figures.

The ACC has clearly benefited financially from expansion. In 2013-14, revenue increased $70 million with Pitt, Syracuse and Notre Dame in their first year as league members. So essentially, the ACC went from $232 million in revenue in 2012-13 to more than $400 million in its latest financial report. The next big target is trying to complete a long-awaited ACC Network.

The SEC and Big Ten both distributed more than $30 million to each of their programs. Both have their own television networks that provide extensive revenues.