Ahoy, mateys! The SEC just uncovered the booty for 2022-23, with each school pocketing a mighty $51.3M on average! Arrr!
2024-02-09
Arrr, me hearties! The Southeastern Conference hath declared its booty division for the year 2022-23. Each of the 14 members shall receive a grand sum of $52.3 million! Shiver me timbers, that be quite the treasure!
The Southeastern Conference (SEC) is doing quite well, me hearties! SEC Commissioner Greg Sankey has announced that the conference distributed a whopping $741 million to its 14 schools during the 2022-23 fiscal year. Arrr, that's a pretty penny, indeed! The majority of this treasure, $718 million to be precise, came directly from the SEC office, with an extra $23 million retained by schools that participated in football bowl games. Each school received an average of $51.3 million.Sankey proudly declared that SEC member universities are committed to supporting their student-athletes through a top-notch college experience, providing coaching, training, academic counseling, medical care, mental health support, and nutrition. They even offer life-skills development and post-eligibility healthcare coverage for these buccaneers of the field.
The SEC's revenue has seen quite the boost, with an increase of $19.2 million from the previous year. This wealth comes from sources such as television agreements, postseason bowl games, the College Football Playoff, the SEC Football Championship Game, the SEC Men's Basketball Tournament, and NCAA Championships. It's a treasure trove, me hearties!
But hold on to your tricorn hats! The SEC is preparing to expand to 16 schools in 2024, with the addition of the Texas Longhorns and the Oklahoma Sooners. Last week, they even formed a joint advisory group with the Big Ten Conference to tackle the challenges facing college athletics and improve the student-athlete experience. It's a stormy sea out there in the world of college sports, with name, image, and likeness regulations, conference realignment, and the transfer portal causing quite a ruckus.
So, me mateys, the SEC be sailing on a sea of wealth, distributing millions to its schools and preparing for a grand expansion. It's a jolly good time to be a part of the SEC crew!