SEC Distributes Record Revenue to 14 Member Schools

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Knoxville News-Sentinel (Tennessee)

 

Another year, another record. Welcome to the SEC.

The SEC again distributed a record amount of revenues to its 14 member schools, encroaching upon $600 million in distribution to those schools per figures released Thursday by the league.

More than $40 million - $40.4 million per team, even after bowl expenses were retained - was handed out per school in the SEC.

"Each of our institutions sponsor from 16 to 22 intercollegiate athletics teams and offer their student-athletes in those sports the highest level of commitment to their athletics and academic experience," second-year SEC commissioner Greg Sankey said in the league's statement. "This distribution from the SEC helps our universities' athletics programs continue to fully support broad-based opportunities for thousands of female and male student-athletes in all sports."

Tennessee, until recent years, has been among the lowest-reserve-fund schools in the SEC. While it has not climbed completely out of the cellars, UT had nearly $17 million in its reserve funds.

Also according to the release by the SEC:

The total distribution amount is comprised of revenue generated from television agreements, post-season bowl games, the College Football Playoff, the SEC Football Championship, the SEC Men's Basketball Tournament, NCAA Championships and a supplemental surplus distribution.

The distribution amount does not include approximately $1 million of academic enhancement payments paid directly from the NCAA and divided equally among the 14 member institutions.

The total revenue for 2015-16 is an increase above the $475.8 million distributed in 2014-15 and the per school distribution represents an increase over the average school distribution of $32.7 million in 2014-15, not including bowl money retained by participants.

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February 3, 2017
 
 

 

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