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.