May 30, 2014, 3:15 PM EDT
It definitely pays to be a member of one of the five conferences deemed to be the “most powerful” in collegiate athletics, and on Friday it was announced that SEC members are in line for a significant payday.
Each of the 14 schools will receive at least $20.9 million thanks to the SEC’s television deals, conference championships, bowl tie-ins and NCAA tournament units according to the Columbia (Mo.) Tribune. While the SEC office will distribute $292.8 million the total amount of money to be given to the schools is around $309.6 million, with the difference ($16.8 million) being split up amongst the schools whose football programs played in bowl games last year.
The league’s total distribution rose 1.6 percent from last year ($304.7 million) and 20.5 percent from 2011-12 ($256.9 million).
The SEC reported $248.1 million in distribution for 2011, $233.3 million in 2010 and $165.9 million in 2009.
The question for the SEC heading into the next fiscal year, which begins on September 1, is how much of an impact their new network will have on the amount of money schools are able to reel in. The Pac-12 distributed between $19.76 and $19.89 million to 11 of its 12 members, with Utah receiving just $10,161, 334 due to an agreement that doesn’t allow them to receive a full share until the 2015 fiscal year.
The Pac-12 distributed just over $228 million to its 12 members, with its total revenues reported to be nearly $334 million when adding in investments into the conference. The Big 12 announced that its ten members will split some $220 million, and the Big Ten and ACC have done well in the revenue department as well.
Those numbers are why schools worked their hardest (and still do) to land a spot in one of those five conferences.
- Jalen Rose planning a book about the Fab Five 1
- Wisconsin’s Bo Ryan makes another statement wavering on potential retirement 0
- Cody Zeller, Indiana president speak out against recent athlete legal issues 0
- Five-star 2016 combo guard cuts list to four 0
- Xavier, Mount St. Joseph to launch the ‘Lauren Hill Tip-Off Classic’ 1
- Tai Wynyard: ‘I will be coming to UK in December’ 0
- Tom Izzo, 30 second shot clocks, and why zone presses will be more popular this year 1
- Blue Ribbon announces their preseason all-american team (3)
- 10 year old Ohio State fan worried heart surgery would make him love Michigan (1)
- Xavier, Mount St. Joseph to launch the ‘Lauren Hill Tip-Off Classic’ (1)
- Seton Hall to give scholarship basketball players $2,600 towards cost of attendance (1)
- Indiana president none too pleased with recent legal issues involving student-athletes (1)