SEC hands out record $309.6M for 2013-14
DESTIN, Fla. — Southeastern Conference revenue remains on the rise. It should make a major jump next year following the launch of the SEC Network.
The SEC will distribute a record $309.6 million in revenue to its 14 member institutions, which equates to $20.9 million per school.
Commissioner Mike Slive announced the payout Friday, the final day of the annual SEC meetings.
The revenue is generated from football and basketball television contracts, bowl games, the league’s football championship game, the league’s men’s basketball tournament, NCAA championships and supplemental surplus. It has nearly doubled since 2009, when the league doled out $165.9 million to its schools.
It could rise significantly next year, with estimations ranging from $15 million to $20 million because of added television revenue.The SEC also passed five proposals Friday, including:
• The league instituted an automatic waiver for graduate-school transfers with less than two years of eligibility remaining, a move that should expedite the transfer process.
• The league will allow the use of artificial noisemakers any time during football games except for when the center is over the football until the stoppage of the play.