The SEC will distribute $741 million to its 14 member universities, about $51.3 million per college, from the 2022-23 fiscal yr, commissioner Greg Sankey introduced Thursday.
The league stated the whole included $718 million distributed straight from the SEC workplace and one other $23 million that was retained by members for soccer bowl sport bills.
It is a $19.2 million enhance from the whole that was distributed by the SEC in 2021-22.
“SEC member universities are proud to help 1000’s of student-athletes who take part in broad-based athletics packages throughout the league,” Sankey stated in a press release. “SEC universities are dedicated to offering a high-level expertise for all of our members by way of an impactful and life-changing faculty expertise that features world-class help in teaching, coaching, educational counseling, medical care, psychological well being help, diet, life-skills improvement and post-eligibility healthcare protection for student-athletes.”
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Final yr, the SEC distributed about $49.9 million per college, which ranked behind solely the Huge Ten. Eleven of the 14 Huge Ten faculties obtained $58.8 million every; Maryland, Nebraska and Rutgers are receiving smaller shares of their first six years within the league.
The SEC’s income is anticipated to develop considerably over the subsequent couple of years, as soon as its new TV bundle with ESPN begins and a 12-team playoff brings further income. The league can also be including new members Oklahoma and Texas this yr. The SEC nonetheless figures to lag behind the Huge Ten, which signed a reported $1.1 billion TV rights bundle and added Oregon, UCLA, USC and Washington as new members.
A lot of the SEC’s income is generated by tv agreements, postseason bowl video games, the School Soccer Playoff, SEC soccer championship sport, the SEC males’s basketball event and varied NCAA championships.
The league stated the 2022-23 distribution quantity didn’t embrace an extra $8.1 million of NCAA and SEC grants divided among the many 14 member faculties.
