SEC reveals revenue distribution for the 2017-18 fiscal year
News flash, the Southeastern Conference excels at making money for its 14 league institutions.
How much money? Well, for the 2017-18 fiscal year, the league made $627.1 million of total revenue. That figure will be divided evenly among the 14 schools, which equals just over $43.1 million per school.
Following the news, SEC Commissioner Greg Sankey issued this statement:
“This distribution of revenue to the SEC’s member institutions represents a continued conference-wide commitment to support of our student-athletes in all areas of their college experience. This revenue is essential in providing outstanding support for all of the young people on our campuses through coaching, equipment, training, academic counseling, medical care and life-skills development.”
“The revenues generated through SEC athletics programs benefit not only the athletics and academic pursuits of student-athletes but are also instrumental in advancing the academic missions of the Conference’s 14 universities. These distributions are designed to provide each university with the flexibility to invest in unique and significant ways that create positive impacts across their respective campuses. Past uses of funds on our campuses have included the direct transfer of funds, assistance with construction and renovation of academic facilities and support of academic scholarship opportunities and academic programs.”
During the previous fiscal year, the SEC reported revenue of $596.9 million and gave out $40.9 million per league school.