BIRMINGHAM, Alabama (February 8, 2024) – Southeastern Conference Commissioner Greg Sankey on Thursday announced the distribution of revenue of $741.0 million to the 14 SEC universities for the 2022-23 fiscal year, which ended Aug. 31, 2023.
The total includes $718.0 million distributed directly from the conference office and an additional $23.0 million withheld by universities participating in 2022-23 football games.
The amount distributed from the conference office, excluding bowl expenses retained by participants, averaged $51.3 million per school.
“SEC member universities are proud to support thousands of student-athletes participating in broad-based sports programs across the league,” Sankey said. “SEC universities are committed to providing a high-level experience for all our participants through an impactful and transformative university experience that includes world-class support in coaching, training, academic advising, healthcare, mental health support, nutrition, life-skills development and post-eligibility healthcare coverage for student-athletes.”
Currently, more than 5,400 male and female student-athletes across the SEC receive sports-related financial aid, with more than 7,300 scholarship and non-scholarship student-athletes participating in SEC university-sponsored sports. The athletic departments of SEC member universities continue to fund scholarships based on the student-athlete’s total cost of attendance, while also providing financial awards for academic achievement.
The total distribution amount is comprised of revenue generated from television agreements, postseason bowl games, the College Football Playoff, the SEC Football Championship Game, the SEC Men’s Basketball Tournament and the NCAA championships.
The distribution amount does not include an additional $8.1 million in grants from the NCAA and SEC divided among the fourteen member universities.
Total revenue for 2022-23 is an increase over the $721.8 million distributed in 2021-22. The average distribution per school increased from $49.9 million in 2021-22, not including bowl money retained by participants.