BIRMINGHAM, Alabama (February 9, 2023) – Southeastern Convention Commissioner Greg Sankey on Thursday introduced that $721.8 million of whole income was divided among the many SEC’s 14 universities for the 2021-22 fiscal 12 months, which ended August 31, 2022.
The entire consists of $698.5 million distributed immediately from the convention workplace, in addition to $23.3 million retained by universities that participated in 2021-22 soccer bowl video games to offset journey and different associated bowl bills.
The quantity distributed from the convention workplace, excluding bowl bills retained by contributors, averaged $49.9 million per college.
“The SEC’s annual income distribution considerably enhances the flexibility of our universities’ athletics applications to offer the best stage of help for the 1000’s of student-athletes who take part in sports activities every year on our campuses,” Sankey stated. “This dedication to an impactful and life-changing expertise encompasses superior help in teaching, coaching, tutorial counseling, medical care, psychological well being, diet, life-skills improvement and prolonged well being protection for our student-athletes.”
At the moment greater than 5,400 feminine and male student-athletes throughout the SEC obtain monetary assist, and counting non-scholarship contributors, greater than 7,100 whole student- athletes take part in sports activities sponsored by SEC universities.
Athletics departments in any respect 14 SEC member universities proceed to fund scholarships primarily based on a student-athlete’s full price of attendance and now present monetary awards for educational achievement. As well as, every SEC college makes use of a portion of the revenues to fund a variety of educational and campus enchancment initiatives, together with tutorial scholarships, endowed college positions, scholar wellness applications, analysis applications, and forward-looking constructing initiatives.
“SEC athletics applications typically contribute in distinctive and important methods to the educational missions of their universities because of athletics-generated revenues,” Sankey stated. “Previous examples of the influence of this income have included help in building and renovation of educational services, monetary help of educational scholarships, funding of educational applications and direct transfers of funds to help tutorial budgets.”
The entire distribution quantity is comprised of income generated from tv agreements, post-season bowl video games, the School Soccer Playoff, the SEC Soccer Championship Recreation, the SEC Males’s Basketball Match, NCAA Championships and a supplemental surplus distribution.
The distribution quantity doesn’t embrace an extra $8.1 million of NCAA and SEC grants divided among the many 14 member universities.