(06-24-2021 11:26 AM)Hokie Mark Wrote:  Why did the SEC borrow from the future tv contract if gross revenue didn't decrease?
This must be due to the different fiscal calendar used by the SEC, right?

Equity in Athletics posts data obtained from tax filings. So the fiscal year is fixed by the Federal Government and ends June 30th and begins July 1st each year, so no the SEC fiscal year is not different.

The revenue borrowed from the contract is for Fiscal Year 2020-21 and will be reported next year. The lost revenue was due to decline in donations (Boomer's are dying and getting less active), NCAA tournament funds withheld or reduced in 2020, NCAA CWS canceled in 2020, and decreasing gate due to unrest and citizen anger or fear.

The real damage will be in next year's numbers due to cut football games and restricted gate.

Also FSU which had a large donation in 2018-19 accounts for 43 million of the ACC's decline, Louisville for 8, Miami for 12, and Clemson for 2.