DESTIN, Fla. -- The SEC announced today $20.1 million in average payouts to its current 12 members for 2011-12, marking the final distribution before Texas A&M and Missouri begin receiving a cut of the pie.
The SEC's final payout figure could end up higher. The conference announced average payouts of $18.3 million last year, but the average actually was $19.5 million, according to the league's non-profit IRS filing.
Texas A&M and Missouri become official SEC members on July 1 and will begin sharing revenue in 2012-13. The SEC is in discussions with CBS and ESPN to increase the value of their TV deals starting this year.
Based on the SEC distribution total that was announced, the league would have to add another $40 million in revenue next year to keep the average payout at $20.1 million. SEC schools will eye more than that to offset two more members dividing the money.
The Big 12 announced today it will distribute about $19 million to eight members for 2011-12, minus Texas A&M and Missouri. That amount includes those schools' exit fees.
The SEC estimated it will distribute $241.5 million to its 12 schools. Five years ago, that amount was $122 million and 10 years ago it was $95.7 million.
According to the SEC, this year's distribution represents a 9.8-percent increase over what was announced in 2010-11. The only other larger increase during the past decade occurred in 2010 when the current ESPN and CBS deals began. Sixty-nine percent of the SEC's revenue came from football television ($116.6 million), bowls ($34.2 million), and the SEC Championship Game ($15.3 million).
The SEC's final payout figure could end up higher. The conference announced average payouts of $18.3 million last year, but the average actually was $19.5 million, according to the league's non-profit IRS filing.
Texas A&M and Missouri become official SEC members on July 1 and will begin sharing revenue in 2012-13. The SEC is in discussions with CBS and ESPN to increase the value of their TV deals starting this year.
Based on the SEC distribution total that was announced, the league would have to add another $40 million in revenue next year to keep the average payout at $20.1 million. SEC schools will eye more than that to offset two more members dividing the money.
The Big 12 announced today it will distribute about $19 million to eight members for 2011-12, minus Texas A&M and Missouri. That amount includes those schools' exit fees.
The SEC estimated it will distribute $241.5 million to its 12 schools. Five years ago, that amount was $122 million and 10 years ago it was $95.7 million.
According to the SEC, this year's distribution represents a 9.8-percent increase over what was announced in 2010-11. The only other larger increase during the past decade occurred in 2010 when the current ESPN and CBS deals began. Sixty-nine percent of the SEC's revenue came from football television ($116.6 million), bowls ($34.2 million), and the SEC Championship Game ($15.3 million).
