Feb 9, 2024
It just means more … money.
The Southeastern Conference brought in $853 million in revenue during the 2023 fiscal year, new tax reports showed Thursday. The league earned about $50 million more than the previous fiscal year.
The 14 member schools each received about $51.3 million in distributions. In 2022 the average distribution was nearly $50 million per school.
Last year’s haul puts the conference on pace to crack a billion dollars this current year as college sports giants the University of Oklahoma and the University of Texas are set to join the conference in a year in which the College Football Playoff expands to 12 teams, hypothetically giving more in-conference teams a shot at the title—and the money that comes with it. The conference’s new TV deal, worth $3 million, and ESPN as a primary partner over CBS, doesn’t hurt either.
Source: Front Office Sports