BIRMINGHAM, Ala. — The Southeastern Conference announced Thursday it distributed an average of $51.3 million — up $1.4 million from last year — to its 14 member schools for the fiscal year that ended last August.
The SEC said it divided $741 million of total revenue among its members. That included $718 million distributed by the league office and $23 million retained by schools for travel and other bowl-related expenses. Those amounts were from the 2022-23 fiscal year.
In the previous fiscal year, the SEC distributed $721.8 million of total revenue.
The total distribution amount includes revenue generated from television agreements, bowl games, the College Football Playoff, the SEC football championship game, the SEC men’s basketball tournament, NCAA championship events and a supplemental surplus distribution.
It doesn’t include $8.1 million in grants from the NCAA and SEC divided among the 14 schools.
The SEC, which went from 10 members to 12 in 1991 with the addition of Arkansas and South Carolina, and then grew to 14 when Missouri and Texas A&M came on board in 2012, will soon become a 16-school league as Oklahoma and Texas are set to leave the Big 12 this summer.
According to the league release announcing the distribution, more than 5,400 student-athletes in the SEC currently receive athletically related financial aid, with more than 7,300 total scholarship and nonscholarship student-athletes participating in sports sponsored by conference members.