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James Crepea |
The SEC generated over $639 million in total revenue for the 2015-16 fiscal year, an increase of more than 21 percent from the previous year.
The conference announced its revenue and distribution figures for the 2015-16 fiscal year, which ended Aug. 31, 2016, on Thursday.
The total revenue includes $584.2 million divided among the 14 member schools, of which $565.9 million was distributed from the conference office and $18.3 million was retained by schools that participated in 2015-16 football bowl games to offset travel and other related bowl expenses.
Each SEC school received over $40.4 million from the conference, up from $32.7 million in 2014-15.
"Each of our institutions sponsor from 16 to 22 intercollegiate athletics teams and offer their student-athletes in those sports the highest level of commitment to their athletics and academic experience," SEC commissioner Greg Sankey said n a statement. "This distribution from the SEC helps our universities' athletics programs continue to fully support broad-based opportunities for thousands of female and male student-athletes in all sports."
The 2015-16 academic year was the first in which Power 5 schools funded the full cost of attendance as allowed by the NCAA.
"This revenue distribution provides SEC institutions the flexibility to invest in unique and significant ways that provide positive outcomes across their respective campuses," 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."
The total distribution amount is comprised of revenue generated from television agreements, post-season bowl games, the College Football Playoff, the SEC Football Championship, the SEC Men's Basketball Tournament, NCAA Championships and a supplemental surplus distribution.
The distribution amount does not include approximately $1 million of academic enhancement payments paid directly from the NCAA and divided equally among the 14 SEC schools.
SEC revenue distribution:2009: $165.9 million
2010: $233.3 million
2011: $248.1 million
2012: $256.9 million
2013: $304.7 million
2014: $309.6 million
2015: $475.8 million
2016: $565.9 million
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The conference announced its revenue and distribution figures for the 2015-16 fiscal year, which ended Aug. 31, 2016, on Thursday.
The total revenue includes $584.2 million divided among the 14 member schools, of which $565.9 million was distributed from the conference office and $18.3 million was retained by schools that participated in 2015-16 football bowl games to offset travel and other related bowl expenses.
Each SEC school received over $40.4 million from the conference, up from $32.7 million in 2014-15.
"Each of our institutions sponsor from 16 to 22 intercollegiate athletics teams and offer their student-athletes in those sports the highest level of commitment to their athletics and academic experience," SEC commissioner Greg Sankey said n a statement. "This distribution from the SEC helps our universities' athletics programs continue to fully support broad-based opportunities for thousands of female and male student-athletes in all sports."
The 2015-16 academic year was the first in which Power 5 schools funded the full cost of attendance as allowed by the NCAA.
"This revenue distribution provides SEC institutions the flexibility to invest in unique and significant ways that provide positive outcomes across their respective campuses," 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."
The total distribution amount is comprised of revenue generated from television agreements, post-season bowl games, the College Football Playoff, the SEC Football Championship, the SEC Men's Basketball Tournament, NCAA Championships and a supplemental surplus distribution.
The distribution amount does not include approximately $1 million of academic enhancement payments paid directly from the NCAA and divided equally among the 14 SEC schools.
SEC revenue distribution:2009: $165.9 million
2010: $233.3 million
2011: $248.1 million
2012: $256.9 million
2013: $304.7 million
2014: $309.6 million
2015: $475.8 million
2016: $565.9 million
Continue reading...
