SEC dispersed $52.6 M per school for ’23-24
BIRMINGHAM, Ala.– The Southeastern Conference dispersed an average of nearly $52.6 million to the 14 full-year members for the 2023-24 season in a slight increase from the previous year, according to its tax filing.The league announced its income figures and launched its tax filing Thursday for the fiscal year that ended in August, that included Oklahoma and Texas signing up with the league in July to broaden the SEC to 16 schools. The Sooners and Longhorns each received $27.5 million in what the league explained in a press release as “shift payments, “accounting for a mix of television arrangements and refundable application fees from a previous fiscal year.Overall, the league reported a slight dip in
overall profits, going from about $ 852.6 million for the 2022-23 season to $839.7 million for 2023-24. Yet the league distributed more money to its full-year members, going from reporting about $718 million for 2022-23 to$790.7 million for 2023-24 when factoring in the partial amounts for Oklahoma and Texas.Editor’s Picks That does not show what the arrival of the former Big 12 programs will imply to the SEC in the coming years.As a result, the league’s typical full-member payout increased from about $51.3 million for 14 schools for 2022-23. It likewise marked the third time in four seasons that the league’s full-member payment had balanced much better than $50 million, with a peak of$ 54.6 million for the 2020-21 season.The league also saw an increase in its offer connected to TV and radio rights, going from about $544.4 million in 2022-23 to almost$563 million in 2023-24.
The SEC’s offer is with ESPN and consists of the production of the SEC Network.When looking at the most current tax filings produced by other power conferences, the SEC’s 2023-24 average would trail only the Huge Ten, which reported overall revenues of$ 845.6 million
with a typical payment of$58 million to complete members for 2021-22, followed by $879.9 million and $60.3 million for 2022-23. The tax filing also revealed commissioner Greg Sankey made more than $4.2 million in settlement, in addition to more than$68,000 in additional settlement from the SEC and associated companies. That was up from about$3.6 million and more than$63,000 in 2022-23.