Pitt Took Home Largest Payout from ACC During 2021-22 Fiscal Year
PITTSBURGH -- The Pitt Panthers' 2021 ACC Championship had an impact that extended far beyond the field - it provided some major financial windfalls for the
The ACC has released their tax returns for the 2021-22 fiscal year and the Panthers, who were the best team in the league's highest-revenue sport during that period - took home the league's largest payout at $41.3 million, according to a report from David Teel of the Richmond Times-Dispatch.
The payouts are mostly even between the ACC's 14 schools, with the low end of the range being $37.9 million. Pitt's banner year on the gridiron undoubtedly played a massive role in helping the Panthers earn more money, with its other major-revenue sport, men's basketball, having been mired in its sixth straight losing season.
But compared to the rest of the Power 5, these are measly payouts, which has been a major topic of conversation at last week's spring meetings between athletic directors, presidents and head coaches in Amelia Island, Florida.
Per a report from Steve Berkowitz of USA Today, even Pitt's ACC-leading payout was less than the average payout in the Big 12, SEC and Big 10. Only the Pac-12 paid out less money to its member schools than the ACC.
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