Report: ACC allowing Miami to keep $14M CFP payout

The Atlantic Coast Conference is giving Miami the entirety of the College Football Playoff prize money it earned so far, according to Front Office Sports.

While the conference is entitled to keep a portion of the winnings, the ACC is electing not to do so due to its success initiatives model which went into effect for the 2024-25 academic year.

That allows Miami to keep its entire prize pool, which currently sits at $14 million after the 10th-seeded Hurricanes beat No. 2 Ohio State 24-14 in the Cotton Bowl on Dec. 31.

The Hurricanes didn't make the ACC championship game due to two conference losses and a tiebreaker they lost to Duke, but made the CFP as an at-large team.

To date, Miami (12-2) has made $4 million for making the 12-team CFP, $4 more million for winning its first-round game and $6 million for winning its quarterfinal.

With a win over No. 6 seed Ole Miss (13-1) in the CFP semifinals at the Fiesta Bowl Jan. 8, the Hurricanes would earn $6 million in additional money, bringing their potential haul to $20 million in addition to $3 million in travel expenses for each round they play in.

--Field Level Media