Members of the Southeastern Conference just got tens of millions of dollars richer.
SEC commissioner Greg Sankey announced Thursday the conference’s $651 million in total revenue, reduced to $624.2 million after removing the money retained by schools that made bowl games, was divided among the 14 members of the conference. The payout per school was over $44.6 million. It’s an increase of $1.5 million from last year’s payout.
“The revenue distributed through the Southeastern Conference enables our 14 member universities to provide unparalleled support to their student-athletes through superior instruction, training, equipment, academic counseling, medical care, mental health and wellness support and life-skills development,” Sankey said in the statement. “It is this sustained conference-wide commitment to the student-athlete experience that makes this conference sound and its impact so meaningful.”
The revenue comes from television deals, the SEC Championship Game and College Football Playoff, the SEC Men’s Basketball Tournament, NCAA championships and other revenue sources.
SEC members will see a dramatic increase to those funds when the new football deal with ABC/ESPN takes effect. ABC and ESPN are reportedly in agreement to take over the first-tier football rights from CBS at a price that is multiple times more costly than the CBS deal.
teaitup likes this