The SEC is rolling in it. Big time.
The conference announced on Thursday that $596.9 million in total revenue was distributed to the 14 schools. That totals out to $40.9 million per school.
According to the release, $23.1 million of that came from the schools that participated in bowl games while the other $573 million was from the conference office.
“This distribution from the SEC is instrumental to our universities’ athletics programs ability to provide the highest possible level of support for the thousands of student-athletes who participate annually in nearly two dozen conference sports,” SEC commissioner Greg Sankey said in a statement. “This commitment to excellence encompasses superior support in coaching, equipment, training, academic counseling, medical care and life-skills development for our student-athletes.”
That revenue was for the 2016-17 fiscal year, which finished on August 31, 2017. The conference’s total revenue is up slightly from the $584.2 million it distributed for the 2015-16 fiscal year, which netted schools an average of $40.4 million.
The annual total distribution amount is based on TV contracts, bowl games, the College Football Playoff, the SEC Football Championship, the SEC Men’s Basketball Tournament, NCAA Championships and a supplemental surplus distribution.
With the SEC putting 2 teams in the College Football Playoff National Championship and potentially putting even more teams in the NCAA Men’s Basketball Tournament, that number could be on the rise in 2017-18.