The SEC will distribute $741 million to its 14 member universities, about $51.3 million per school, beginning in the 2022-23 fiscal year, Commissioner Greg Sankey announced Thursday.
The league said the total included $718 million distributed directly from the SEC office and another $23 million that was retained by members for football game expenses.
That's an increase of $19.2 million from the total distributed by the SEC in 2021-22.
“SEC member universities are proud to support thousands of student-athletes participating in broad-based sports programs across the league,” Sankey said in a statement. “SEC universities are committed to providing a high-level experience for all our participants through an impactful and transformative university experience that includes world-class support in coaching, training, academic advising, healthcare, mental health support, nutrition, life-skills development and post-eligibility healthcare coverage for student-athletes.”
Last year, the SEC distributed about $49.9 million per school, ranking only behind the Big Ten. Eleven of the 14 Big Ten schools received $58.8 million each; Maryland, Nebraska and Rutgers receive smaller shares in their first six years in the league.
The SEC's revenue is expected to grow significantly in the coming years, once its new television package with ESPN begins and a 12-team playoff generates additional revenue. The league will also add new members, Oklahoma and Texas, later this year. The SEC still appears to be behind the Big Ten, which signed a $1.1 billion television rights package and added Oregon, UCLA, USC and Washington as new members.
Most of the SEC's revenue is generated through television deals, postseason bowl games, College Football Playoffs, SEC Football Championship, SEC Men's Basketball Tournament, and various NCAA Championships.
The league said the 2022-23 distribution amount did not include an additional $8.1 million in NCAA and SEC grants divided among the 14 member schools.
