The Southeastern Conference and commissioner Greg Sankey in a Thursday press release announced its revenue and subsequent distribution to schools for the 2022-23 fiscal year, and the numbers are staggering.
The total number from the conference was $741 million with $718 million of that coming directly from the conference and an additional $23 million retained by universities that participated in 2022-23 football bowl games.
The total averaged out to roughly $51.3 million for each of the 14 member schools in revenue share. This was an increase from the average of $49.9 million in 2021-22.
“SEC member universities are proud to support thousands of student-athletes who participate in broad-based athletics programs across the league,” Sankey said.
“SEC universities are committed to providing a high-level experience for all of our participants through an impactful and life-changing college experience that includes world-class support in coaching, training, academic counseling, medical care, mental health support, nutrition, life-skills development and post-eligibility healthcare coverage for student-athletes.”
According to the release, the total distribution amount is comprised of “revenue generated from television agreements, post-season bowl games, the College Football Playoff, the SEC Football Championship Game, the SEC Men’s Basketball Tournament, and NCAA Championships.”
With SEC revenue increasing by the year, it should only continue to rise with the addition of Texas and Oklahoma in 2024.
While the amount of pieces of the pie increases with now 16 member schools to distribute to, it will be fascinating to see how much the total revenue increases year-to-year with two major universities coming aboard.
Michael Brauner is a Senior Sports Analyst and Contributing Writer for Yellowhammer News. You can follow him on Twitter @MBraunerWNSP