The SEC announced Thursday that the league generated $596.9 million dollars in revenue in the 2016-17 fiscal year. That includes $573.8 million generated by the league office as well as $23.1 million generated by school’s participation in bowl games.
The league splits that revenue evenly between the 14 schools, giving each institution approximately $40.9 million dollars.
“This distribution from the SEC is instrumental to our universities’ athletics programs ability to provide the highest possible level of support for the thousands of student-athletes who participate annually in nearly two dozen conference sports,” SEC Commissioner Greg Sankey said in a release. “This commitment to excellence encompasses superior support in coaching, equipment, training, academic counseling, medical care and life-skills development for our student-athletes.”
The total distribution amount is comprised of revenue generated from television agreements, post-season bowl games, the College Football Playoff, the SEC Football Championship, the SEC Men’s Basketball Tournament, NCAA Championships and a supplemental surplus distribution.
“The revenues generated from SEC sports are instrumental to advancing the academic missions of our 14 member institutions,” Sankey added. “Whether in the direct transfer of funds, in assistance with the construction and renovation of academic facilities or in support of academic scholarship opportunities or academic programs, these distributions are designed to provide each university with the flexibility to invest in unique and significant ways that provide positive outcomes across their respective campuses.”