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SEC Revenue $325.9M, Up 4% From '12-13, Slive Makes $2.1M In Total Compensation

The SEC reported $325.9M in revenue during '13-14, up 4% from the previous year, and $49.5M "in total assets" by the end of the FY '14, which ended Aug. 31, and SEC schools "received an average payout" of $21M, up slightly from $20.8M in '12-13, according to the conference's new federal tax return cited by CBSSPORTS.com's Jon Solomon. Since the SEC's "average payouts ballooned" from $13.1M to $18.3M between '08-09 after new TV deals with ESPN and CBS, the payouts "have been relatively modest." Last year's 1% increase in the average payout "was the SEC's smallest during its streak of eight consecutive appearances reaching college football's national championship game." Still, SEC schools "received $10 million more per year from the conference last year than they did" in '06-07. SEC revenue "is up" 118% over that period. Meanwhile, SEC Commissioner Mike Slive made $2.1M "in total compensation" during FY '14, a 69% increase from the previous year. His base salary "rose to $2,051,659," up 70% from a year earlier. Slive's total pay "is the most he has received from the SEC" since making $2.1M in '08 thanks to a $1M bonus "coinciding with new ESPN and CBS deals." Terms of the SEC Network "were finalized" in '13-14. Slive's compensation "will likely still trail other highly paid commissioners when their conference's tax returns are later released." Last year, the Pac-12's Larry Scott's base salary was $2.2M (plus a $1.9M loan) and the ACC's John Swofford "was slightly above" $2.1M (CBSSPORTS.com, 1/15). USA TODAY's Steve Berkowitz notes the SEC's new revenue total is "more than double what the conference brought in" during FY '08. But the '14 amount is about $8M less than the "nation-leading total" that the Pac-12 reported for FY '13. However, the SEC Network "likely will vault the SEC's revenue past the Pac-12's." The SEC reported spending $323.5M in FY '14, mostly "in the form of payments to its 14 member schools" (USA TODAY, 1/16).

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