Sunday, May 26, 2024

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.

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

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