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Thursday, December 1, 2022
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NC trend: Money ball, a college football finance primer

College football is big business in North Carolina with the state’s seven Football Bowl Subdivision schools spending more than $350 million on athletics annually. Trying to stay competitive with Alabama, Ohio State and other football powerhouses is a tough issue facing N.C. university leaders.

Here’s a look at some football-related financials.


CONFERENCE PAYOUTS
Universities receive annual payouts from their conferences, mostly from TV contract revenue. North Carolina, N.C. State, Duke and Wake Forest universities are ACC members that received about $31 million each this year. Three other North Carolina universities are in smaller conferences. East Carolina received $7 million, while Appalachian State and UNC Charlotte each got less than $2 million.



David Mildenberg
David Mildenberg
David Mildenberg is editor of Business North Carolina. Reach him at dmildenberg@businessnc.com.

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