The 12 member schools of the Atlantic Coast Conference split more than $203 million in revenue - an average of $16.9 million per university - during the 2011-12 school year, according to the News & Record.
That represents an increase of nearly 38 percent from the average of $12.3 million per school the previous year.
The Big Ten paid its teams an average of $23.8 million, the SEC an average of $20.3 million, the Big 12 an average of $12.0 million and the Pac-12 an average of $11.1 million during the 2011-12 period, according to the paper.
The ACC reported $223.5 million in revenue for 2011-12 and $223.8 million in expenses for a net loss of $303,295. However, the ACC finished the year with $24.5 million in net assets, according to tax documents obtained by the paper.
As expected, football was the biggest revenue-generating sport, with television rights raking in $130.5 million and bowl games another $43.8 million.
ACC commissioner John Swofford was paid $1.67 million during the 2011-12 year. By comparison, the paper reported the Pac-12's Larry Scott was paid $3.1 million and since-departed Big 12 commissioner Dan Beebe was paid $4.9 million during the same period.