The Southeastern Conference dispersed between $51 million and $51.8 million to each of its 14 members during the 2023 fiscal year, according to its tax return, which was released on Monday.
The SEC paid out around $718 million to its members, up from $698.5 million in fiscal year 2022. That provided about a $1.8 million bump to each school’s athletics department.
Advertisement
The league generated nearly $852.6 million, with $544.4 million coming from its media rights deals, according to the tax return. The other sizable chunk of revenue came from postseason participation at $274 million. The 2023 fiscal year concluded on June 30, 2023.
Overall, the SEC saw a $50.5 million jump in overall revenue to $852 million. After expenses, the league had a $29.43 million profit — $9.5 million more than in fiscal 2022. It ended the fiscal year with more than $191.1 million in assets.
Commissioner Greg Sankey was the SEC’s highest paid official at $3.6 million in compensation.
(Photo: Kirby Lee / USA Today)
