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SEC schools receiving over $40 million each from conference

Nick Bromberg
·College football and motorsports writer
SEC teams first got over $20 million each fom the conference in 2012. (Getty)
SEC teams first got over $20 million each fom the conference in 2012. (Getty)

Revenue shares keep increasing for the 14 schools in the SEC.

The conference announced Thursday that each school would receive a revenue share of approximately $40.4 million from the conference, which announced record revenues of $639 million for the 2015-16 fiscal year.

“This revenue distribution provides SEC institutions the flexibility to invest in unique and significant ways that provide positive outcomes across their respective campuses,” SEC commissioner Greg Sankey said in a statement. “Besides providing superior support in coaching, equipment, training, academic counseling, medical care and life-skills development for student-athletes, athletics programs in the SEC have been known to provide significant financial support to the academic side of their institutions, whether in the direct transfer of funds, in assistance with the construction and renovation of academic facilities or in support of academic scholarship opportunities or academic programs.”

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The 2015-16 payout is an increase of nearly $8 million from the 2014-15 fiscal year ($32.7 million) and the SEC is the first conference to announce payouts of over $40 million to its schools, though the Big Ten may not be far behind. The conferences had nearly identical payouts to its member teams the previous fiscal year and are the wealthiest of the power five conferences.

Teams in the SEC have seen their revenues nearly double in four years thanks to the addition of the SEC Network. SEC teams first broke the $20 million threshold in conference payouts in 2011-12. We’re going to guess the year-over-year increases may slow down soon as more and more consumers ditch expensive television packages and networks scramble to find alternative revenue sources. We’ll see.

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Nick Bromberg is the assistant editor of Dr. Saturday on Yahoo Sports. Have a tip? Email him at nickbromberg@yahoo.com or follow him on Twitter!