BIRMINGHAM, Ala. — The Southeastern Conference distributed close to $54.6 million in revenue to each of its 14 member schools in the fiscal year that ended in August.
Commissioner Greg Sankey said in a release Thursday that the league divided $764.4 million of total revenue among the members, not including $13.4 million retained by universities that participated in bowl games during the 2020-21 football season to cover expenses.
The total distribution amount is made up of 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.
The distribution doesn't include the one-time supplement of about $23 million per school in 2021 to help offset the financial impact of the COVID-19 pandemic on SEC athletic programs, or an additional $7.8 million of NCAA and SEC grants divided among the 14 member universities.
The total revenue was up from $657.7 million distributed in 2019-20, with the average rising from $45.5 million per school.
The SEC's current members are Alabama, Arkansas, Auburn, Florida, Georgia, Kentucky, LSU, Mississippi State, Missouri, Ole Miss, South Carolina, Tennessee, Texas A&M and Vanderbilt. The league will expand to 16 schools by mid-2025, when Big 12 members Oklahoma and Texas are set to join.