The ACC, Big Ten, Pac- 12 and Big 12 intend to simultaneously publish their 2023 tax earnings Friday, according to two people acquainted with the teams ‘ plans.
The four meetings have coordinated the launch of their IRS 990 types, which USA Today commonly initial reports on. By making them known together, the news coverage tends to concentrate on the entire party rather than just personal leagues and their financial details. ( The SEC already released its return in February. )
But, Friday’s timed news dump may be noticeable. The IRS’s date for filing results was on Wednesday, more than a week before the teams ‘ plans to release them publicly. The Big Ten and SEC have also become more and more divided, and the Pac- 12 is on the verge of extinction as a result of hunting by its contemporaries.

In August 2021, the directors of the ACC, Big Ten and Pac- 12 formed” The Alliance”, what they called a “gentleman’s deal” to keep up amid looming conflict. Less than three years later, the Pac- 12 is down to only two people, two of the three commissioners are no longer in office, the Big Ten has plagiarized the Pac-12’s four most important schools, the ACC has taken two more, but they are now facing leave claims from senior members Florida State and Clemson, and there are only two more. After a contentious legal battle, those two schools, Washington State and Oregon State, reached a settlement with the 10 defectors, each of whom will cough up$ 5 million from the 2023- 24 conference revenue distributions along with an additional$ 1.5 million.
Representatives from each of the four conferences confirmed that their specific filings would be made available immediately, but they did not specify when. According to a Big Ten director, meetings typically released them on or around the exact time. The recent reporting schedule was not” set in stone,” and it may change this week, according to one source who spoke with Sportico.
There’s at least one additional place where the four teams are also working together—in court. The NCAA and its main conferences are currently in the middle of settlement negotiations that could at least offer some legal relief, lessen the potential economic exposure associated with that litigation, and give athletes a framework to reveal more immediately in the billions they help create.
According to reports, the member presidents of the various conferences are scheduled to vote on whether the proposed House v. NCAA settlement is to be accepted before the end of the month.
According to a two-page summary the ACC recently shared among its member schools, the current negotiations have reached a$ 2.78 billion agreement, with the revenue generated by athletic departments playing a significant role in calculus. ( Y Yahoo Sports first published the document. )

The$ 2.78 billion payout would be spread over a 10-year period, according to the synopsis, which was printed on ACC letterhead and marked “attorney-work product.” It also stated that schools could offer athletes additional compensation up to a certain cap. That limit is defined as 22 % of the average revenue from media rights, ticket sales and sponsorships among the 64 so- called” Power Five” schools, a figure that’s likely in the$ 20 million to$ 30 million per year range.
The public’s opinion of the proposed House settlement, which has already been criticized by college athlete advocates and the larger college sports commentariat, may be affected by the yet-to-be-disclose tax returns and the financial information they reveal. Among other things, the returns will include top- line revenue and expense figures, total assets and liabilities, compensation of the leagues ‘ highest- paid employees and former employees who received severance, distributions to members, and highest- paid independent contractors.