Macro-level Atlantic Coast Conference information and news will be discussed more this week than most weeks because the ACC’s annual meetings are underway.
Yesterday, we highlighted some of the good news related to the conference’s football television ratings that was more deeply developed in this article by the Greensboro News & Record.
Today, the ACC set some future Basketball Tournament dates for Greensboro.
At the close of its annual spring meetings Wednesday, the league said its men’s basketball tournament will return to Greensboro, N.C. – site of the league’s headquarters and this year’s tourney – in 2011, 2013, 2014 and 2015; while the women’s tournament would extend its stay through 2015.
In addition, the baseball tournament will head north to Fenway Park, home of the Boston Red Sox, in 2009
In men’s basketball, the league had already set Tampa, Fla., as host in 2007, Charlotte in 2008, Atlanta in 2009 and Greensboro in 2010. Atlanta will host the tournament again in 2012.
Future dates and sites for the ACC Men’s Basketball Tournament are as follows:
2007 – Tampa, Fla.
2008 – Charlotte, N.C.
2009 – Atlanta, Ga.
2010 – Greensboro, N.C.
2011 – Greensboro, N.C.
2012 – Atlanta, Ga.
2013 – Greensboro, N.C.
2014 – Greensboro, N.C.
2015 – Greensboro, N.C.
Additionally, this article that ran before the weekend says that the ACC’s finances are on solid footing.
The conference had two more mouths to feed in 2004-05, but it didn’t yet have the full financial benefit of expansion because with 11 members, it was unable to play a lucrative championship football game under NCAA rules. With 11 schools, the revenue distributed to the nine consistent members dipped 1.75 percent from the previous year ($97,972,822 to $96,257,584).
Virginia Tech and Miami each received a previously negotiated sum of $6.25 million as base compensation, and they each received a pro-rated share of the league’s budget surplus. Worst-case scenario accounting policies assumed a discernible decrease in income, and when those expectations were surpassed, everybody got a little bit of a windfall.
When (tax) forms from the current tax year are filled out, analyzed and made public in about another year, the public will learn roughly how much the member schools missed out on when bizarre political machinations suddenly pulled BC’s entry off the table during the 2003 expansion talks. By the time the Eagles were offered admission in October 2003, it was too late to get them on board simultaneously with Virginia Tech and Miami in 2004-05. The delay killed any chances of playing a title football game in 2004 and set the football revenue for the tax year at $29.4 million.
The 2005 ACC Tournament at Washington’s MCI Center, the first one with 11 teams and the first to be played in an NBA arena with modern luxury suites, generated $6,261,560, the second-largest total in league history. Only the 2001 event at Atlanta’s Georgia Dome ($7.5 million) surpassed it. The dome had a seating capacity of 36,000 for the event.
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