On Thursday, Southeastern Conference Commissioner Greg Sankey announced that $721.8 million in total revenue was split up among the 14 member universities for the 2021-22 fiscal year.
The distribution average fell just short of the $50 million mark at $49.9 million per university, which is down from $54.6 million on average a year ago. Of the $721.8 million, $23.3 million was retained by programs that made bowl games to help pay for travel and game expenses. That means Florida likely received over $50 million in revenue distribution when all was said and done.
“The SEC’s annual revenue distribution significantly enhances the ability of our universities’ athletics programs to provide the highest level of support for the thousands of student-athletes who participate in sports each year on our campuses,” Sankey said. “This commitment to an impactful and life-changing experience encompasses superior support in coaching, training, academic counseling, medical care, mental health, nutrition, life-skills development and extended health coverage for our student-athletes.”
The conference brings in money from television agreements, post-season bowl games, the College Football Playoff, the SEC Football Championship Game, the SEC Men’s Basketball Tournament, NCAA Championships and a supplemental surplus distribution, according to the league office.
Distribution payments should only increase over the next few years for the SEC. The conference starts a new television deal with ESPN next year and will benefit from the eventual additions of Texas and Oklahoma.
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Story originally appeared on Gators Wire
Source: News