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SEC schools will receive more than $20 million apiece

May 30, 2014, 3:15 PM EDT

Mike Slive AP

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 overĀ $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 haveĀ 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.