SEC announces 2022-23 revenue distribution; Greg Sankey comments

The SEC announced Thursday that it distributed over $700 million in revenue for the 2022-23 fiscal year, which wrapped up on Aug. 31, 2023.

The conference office distributed $718 million. An additional $23 million was retained by the universities that took part in the 2022-23 bowl season. It comes to an average of $51.3 million distributed to each of the 14 member schools.

“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.”

With the conference expanding this summer and under a new media rights deal with ABC/ESPN, it’s safe to say the SEC is on three-comma watch. Steve Berkowitz of USA TODAY projects that for 2024-25, the conference will be distributing $1 billion to $1.1 billion in revenue, crediting expansion to 16 member schools and the 12-team College Football Playoff.

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NEWS | @SEC announces $741.0 million of total revenue was divided among its 14 universities for 2022-23 fiscal year ending Aug 31, 2023.

The distribution, excluding bowl revenue retained by schools for bowl expenses, averaged 51.3 million per school. https://t.co/E0GePyE6mt

— Southeastern Conference (@SEC) February 8, 2024

Andrew Olson

Andrew writes about sports to fund his love of live music and collection of concert posters. He strongly endorses the Hall of Fame campaigns of Fred Taylor and Andruw Jones.