SEC commissioner Greg Sankey on Thursday announced revenue distribution of $741 million to the conference’s 14 universities for the 2022-23 fiscal year.
“SEC member universities are proud to support thousands of student-athletes who participate in broad-based athletics programs across the league,” a statement from Sankey read. “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.”
Here’s how the money breaks down:
- $718 million overall distributed from the SEC office
- Additional $23 million retained by individual schools, which participated in 2022-23 football bowl games.
- $51.3 million distributed to each school, excluding bowl expenses retained by participants.
Auburn receives $50 million payout in SEC distribution for 2023 fiscal year.
The 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.
In the release, it is noted that the distribution does not include an additional $8.1 million of NCAA and SEC grants divided among the 14 member universities.
The revenue is an increase from the $721.8 million distributed in 2021-22. The average-per-school distribution increased from $49.9 million in 2021-22, not including bowl money retained by participants.
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