SEC distributes roughly $50M to schools from FY22 revenues

SEC Commissioner Greg Sankey on Thursday announced the conference's $721.8M of total revenue “was divided among the conference’s 14 universities for the 2021-22 fiscal year,” giving each school roughly $49.9M, according to Mark Heim of AL.com. The payouts exclude “bowl expenses kept by participants, from the conference office.” Meanwhile, previous reports showed the SEC “had a nearly 4 percent decline in revenue” during its 2022 fiscal year, with total revenues of “just more than” $802M for FY22. This year’s total sum includes $698.5M “distributed directly from the conference office,” as well as $23.3M “retained by universities that participated in 2021-22 football bowl games to offset travel and other related bowl expenses.” The distribution announcement “does not include” an addition $8.1M of “NCAA and SEC grants divided among the 14 member universities” (AL.com, 2/9).