Southeastern Conference to divide over $300 million - wave3.com-Louisville News, Weather & Sports

Southeastern Conference to divide over $300 million between 14 members

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2013-14 SEC REVENUE DISTRIBUTION

SANDESTIN, Florida (May 30, 2014) - Commissioner Mike Slive announced Friday that approximately $309.6 million of total distributions will be divided among the 14 institutions of the Southeastern Conference.  The distributions are calculated based on the revenue sharing plan for the 2013-14 fiscal year which ends August 31, 2014.

The total distribution of $309.6 million is the highest in SEC history. The total includes $292.8 million distributed from the conference office, as well as $16.8 million dollars of contracted revenue retained by institutions that participated in 2013-14 bowl games.

The average amount distributed from the conference office, excluding bowl money retained by participants, is slightly over $20.9 million per school.

The total distribution amount is comprised of revenue generated from televised football, bowls, the SEC Football Championship, televised basketball, the SEC Men's Basketball Tournament, NCAA Championships and a supplemental surplus distribution.

The $309.6 million does not include one million dollars of academic enhancement payments that is paid directly from the NCAA and divided among the 14 member institutions. Revenues derived by member institutions from their local media packages are also not included in the total amount.

Comparative historical distributions for the previous five years are as follows: 2009 ($165.9 million); 2010 ($233.3 million); 2011 ($248.1 million); 2012 ($256.9 million); 2013 ($304.7 million).

Official release from the Southeastern Conference