BAMANEWSBOT
Staff
SEC schools received an average payout of $20.8 million from the conference in 2012-13, the first academic year with Texas A&M and Missouri, according to the SEC's new federal tax return.
The return, provided to AL.com upon request, shows the average payout per school was slightly up from $20.4 million in 2011-12. The 2-percent increase in the average payout was the smallest jump during the SEC's streak of seven straight football national titles.
New members in 2012-13 meant more mouths to feed from the pool of money. Texas A&M and Missouri were added in large part to create the ESPN-owned SEC Network, which launches this August and is expected to eventually generate significantly more money for the SEC.
The smallest payouts went to new members Texas A&M ($19.5 million) and Missouri ($19.6 million), and the largest to Arkansas ($21.3 million) and Vanderbilt ($21.3 million). Texas A&M and Missouri received $1.4 to $1.5 million less than the next-closest SEC schools. The difference in distribution was because of money accumulated prior to Texas A&M and
Missouri becoming SEC members on July 1, 2012, SEC Associate Commissioner Herb Vincent said.
SEC Commissioner Mike Slive made $1,246,361 in total compensation during 2012-13, down from $1,563,812 the previous year, when he received a one-time $550,000 bonus.
After three years of no change in base pay, Slive's base compensation increased from $940,000 to $1,173,333. Slive's total also includes $21,434 in other reportable compensation, $37,500 in retirement and other deferred compensation, and $14,094 in nontaxable benefits.
It's not clear yet where Slive ranks among commissioner pay since the SEC typically files its tax report earlier than other conferences. In 2011-12, Pac-12 Commissioner Larry Scott received nearly $3.1 million in compensation, about $300,000 more than Big Ten Commissioner Jim Delany and nearly double Slive.
The SEC reported $314.5 million in total revenue during its most recent fiscal year, which ended Aug. 31, 2013. That's a 15-percent increase from the previous year. Flush with lucrative television deals and BCS money, the SEC's revenue increased by 113 percent between 2008-09 and 2012-13.
The SEC listed $204.2 million in revenue from TV/radio rights fees last year, accounting for 65 percent of the conference's revenue. This category increased by 25 percent from 2011-12.
There was a 2-percent increase in postseason revenue with $95 million in 2012-13. Sponsorship royalties decreased 25 percent to $5.3 million.
The conference paid $565,446 to its Charlotte law firm, Robinson, Bradshaw & Hinson. Legal feels have increased each of the past three years, up from $413,282 in 2011-12 and $248,814 in 2010-11. The rising legal costs are primarily due to developing the SEC Network and the new Sugar Bowl agreement, Vincent said.
The tax report made no mention of payments in 2012-13 to Chuck Gerber, who has been a media consultant for the SEC in recent years. Vincent said Gerber remains an SEC consultant but any applicable fees were not payable to him in 2012-13. Gerber's company, Chucklin, Inc., received $2.2 million in 2011-12 when the SEC expanded and heavily explored the SEC Network concept.
Executive Associate Commissioner Mark Womack remained the second-highest paid SEC employee at $398,333 in total pay, a 4-percent increase from 2011-12. Executive Associate Commissioner Greg Sankey made $377,078 (up 5 percent).
Other total compensation amounts: Associate Commissioner Mark Whitworth, $213,834; former Associate Commissioner Charles Bloom, $194,016; football coordinator of officials Steve Shaw, $173,179. Former men's basketball coordinator of officials Gerald Boudreaux received $122,149 as an independent contractor.
The SEC distributed an average of $342,197 to each SEC school through the NCAA's Student-Athlete Opportunity Fund, up 16 percent from the previous year. The fund can be used by athletes who demonstrate a financial or academic need.
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The return, provided to AL.com upon request, shows the average payout per school was slightly up from $20.4 million in 2011-12. The 2-percent increase in the average payout was the smallest jump during the SEC's streak of seven straight football national titles.
New members in 2012-13 meant more mouths to feed from the pool of money. Texas A&M and Missouri were added in large part to create the ESPN-owned SEC Network, which launches this August and is expected to eventually generate significantly more money for the SEC.
The smallest payouts went to new members Texas A&M ($19.5 million) and Missouri ($19.6 million), and the largest to Arkansas ($21.3 million) and Vanderbilt ($21.3 million). Texas A&M and Missouri received $1.4 to $1.5 million less than the next-closest SEC schools. The difference in distribution was because of money accumulated prior to Texas A&M and
Missouri becoming SEC members on July 1, 2012, SEC Associate Commissioner Herb Vincent said.
SEC Commissioner Mike Slive made $1,246,361 in total compensation during 2012-13, down from $1,563,812 the previous year, when he received a one-time $550,000 bonus.
After three years of no change in base pay, Slive's base compensation increased from $940,000 to $1,173,333. Slive's total also includes $21,434 in other reportable compensation, $37,500 in retirement and other deferred compensation, and $14,094 in nontaxable benefits.
It's not clear yet where Slive ranks among commissioner pay since the SEC typically files its tax report earlier than other conferences. In 2011-12, Pac-12 Commissioner Larry Scott received nearly $3.1 million in compensation, about $300,000 more than Big Ten Commissioner Jim Delany and nearly double Slive.
The SEC reported $314.5 million in total revenue during its most recent fiscal year, which ended Aug. 31, 2013. That's a 15-percent increase from the previous year. Flush with lucrative television deals and BCS money, the SEC's revenue increased by 113 percent between 2008-09 and 2012-13.
The SEC listed $204.2 million in revenue from TV/radio rights fees last year, accounting for 65 percent of the conference's revenue. This category increased by 25 percent from 2011-12.
There was a 2-percent increase in postseason revenue with $95 million in 2012-13. Sponsorship royalties decreased 25 percent to $5.3 million.
The conference paid $565,446 to its Charlotte law firm, Robinson, Bradshaw & Hinson. Legal feels have increased each of the past three years, up from $413,282 in 2011-12 and $248,814 in 2010-11. The rising legal costs are primarily due to developing the SEC Network and the new Sugar Bowl agreement, Vincent said.
The tax report made no mention of payments in 2012-13 to Chuck Gerber, who has been a media consultant for the SEC in recent years. Vincent said Gerber remains an SEC consultant but any applicable fees were not payable to him in 2012-13. Gerber's company, Chucklin, Inc., received $2.2 million in 2011-12 when the SEC expanded and heavily explored the SEC Network concept.
Executive Associate Commissioner Mark Womack remained the second-highest paid SEC employee at $398,333 in total pay, a 4-percent increase from 2011-12. Executive Associate Commissioner Greg Sankey made $377,078 (up 5 percent).
Other total compensation amounts: Associate Commissioner Mark Whitworth, $213,834; former Associate Commissioner Charles Bloom, $194,016; football coordinator of officials Steve Shaw, $173,179. Former men's basketball coordinator of officials Gerald Boudreaux received $122,149 as an independent contractor.
The SEC distributed an average of $342,197 to each SEC school through the NCAA's Student-Athlete Opportunity Fund, up 16 percent from the previous year. The fund can be used by athletes who demonstrate a financial or academic need.
Read More Here...
