Miami Hurricanes AD Dan Radakovich helped new ACC revenue model
Miami Hurricanes athletic director Dan Radakovich helped drive the new ACC revenue distribution model announced by the conference’s board of directors on Wednesday. The ACC announced that “the specifics of the plan are in progress and will be solidified in the coming months.” Success in the postseason impacts revenue sharing.
The ACC stated “The implementation of the success incentives will come solely from the performance of teams in revenue-generating postseason competition. All other revenues will continue to be equally shared as currently outlined.” The Miami Hurricanes NCAA Tournament success would give them a bigger share.
That means that television and other types of revenue produced by the ACC would be equally shared. The disparities between the top-tier schools in the ACC and the tens of millions of dollars more the Big 10 and SEC produce led to seven programs seeking a new revenue distribution model.
Radakovich told Barry Jackson and Susan Miller-Degnan of the Miami Herald that the new revenue distribution model would not go into effect until the 2024-25 school year due to the implementation of the 12-team College Football Playoff that fall. Radakovich said four schools move the ACC brand awareness forward.
ACC redistributing their revenue based on performance is better than the current model… I suppose. But without adding new revenue, they are just putting a small bandage on a much larger cut. It doesn’t solve the real issue which is the overall revenue gap.
— Locked On Canes (@LockedOnCanes) May 24, 2023
"“Florida State, Clemson, North Carolina, Miami, who really kind of move the brand awareness of the ACC forward over time and for different reasons.”"
Radkovich added the Duke basketball program into the equation. In the interview with Jackson and Miller-Degnan, Radakovich stated two primary questions to be aware of are that the media deal is harder to affect right now and that the ACC contract with ESPN runs through 2036. The ACC Grant of Rights limits ACC schools’ leverage.
Next. Miami AD Dan Radakovich gives thoughts on ACC future. dark
Radakovich stated that the Grant of Rights are in place in other conferences and no one has really challenged it. There have not been any substantial rumors about the ACC adding any programs. That could be another avenue the conference explores to add revenue. That would also mean the revenue would be split with another program.