Particle.news
Download on the App Store
5 ARTICLES
·
last yr.

SEC Distributes Record $741 Million to Member Schools for 2022-23

The revenue, nearing $853 million, sets a new high for college athletic conferences, with further growth expected.

The SEC is the first of the Power Five conferences to release its tax records for fiscal 2023.
Image
Image
Auburn forward Johni Broome reacts after a basket during the first half of an NCAA college basketball game against the Alabama, Wednesday, Feb. 7, 2024, in Auburn, Ala. (AP Photo/ Butch Dill)

Overview

  • The Southeastern Conference (SEC) distributed a record $741 million to its 14 member schools for the 2022-23 fiscal year, averaging about $51.3 million per school.
  • This distribution marks a significant increase from the previous year, with the SEC's total revenue reaching nearly $853 million, setting a new record for college athletic conferences.
  • The revenue increase is attributed to television agreements, postseason bowl games, the College Football Playoff, and the SEC football championship game, among other sources.
  • The SEC is preparing for further revenue growth with the addition of Texas and Oklahoma in 2024 and a new TV deal with ESPN set to commence.
  • The SEC and Big Ten have formed a joint advisory group to address challenges in college athletics, emphasizing the importance of the student-athlete experience.