- Jun 11, 2014
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Founding Member
and yet we are still in the top 10 which shows that the UF brand is still HOT around the world. People still love that Orange and Blue! Go Gators!!
Where the SEC ranked in revenue in the nation
- Thread starter Jbossgator8
- Start date
- Sep 8, 2014
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Update: January 30, 2019
Southeastern Conference generated $721 million in revenue for 2019 fiscal year
SEC generated $721 million in revenue, but still trails Big Ten
The Southeastern Conference increased its revenue and per-school payouts during the 2018-19 fiscal year, but – at least for now – those both continued to lag behind the revenue and per-school payouts for the Big Ten.
The SEC had $720.6 million in total revenue for a fiscal year ending Aug. 31, 2019, according to a federal tax return that the conference provided Thursday in response to a request from USA TODAY Sports. That resulted in an average of nearly $45.3 million being distributed to the 13 member schools that received full shares. Mississippi did not get a full share because of its football team was banned from postseason play.
In addition to the revenue shares, the schools that participated in 2018-19 football bowl games retained a combined total of nearly $27 million to "offset travel and other related bowl expenses", according to a statement by the conference.
A year ago, the SEC reported just under $660 million in revenue, and per-school distributions that averaged $43.7 million to the 13 schools other than Mississippi that received full shares.
For the 2018 fiscal year, the Big Ten reported almost $759 million in revenue, and the 12 schools receiving full shares each got roughly $54 million. Maryland and Rutgers, the conference’s two most recent additions, are still moving toward receiving full shares.
For fiscal 2019, the Big Ten Conference likely distributed at least $55 million to each of its 12 schools that got full revenue shares, according to schools' recent financial disclosures.
The Big Ten generally does not file its federal tax return until the spring. So, its revenue total for fiscal 2019 has not yet been made public. However, through open-records requests, USA TODAY Sports has obtained fiscal 2019 financial reports to the NCAA for seven of the 12 schools receiving full shares.
In addition to the revenue data, the new SEC tax document showed that commissioner Greg Sankey’s was credited with nearly $2.6 million in total compensation for the 2018 calendar year, including just over $2.4 million in base compensation. The represents a $500,000 increase in base salary over the amount reported for him for 2017 and a nearly $600,000 increase overall.
(Under IRS rules, a non-profit organization must report its revenue and expense data based on its fiscal year, but it must report compensation data based in the calendar year completed during its fiscal year.)
During fiscal 2019, SEC schools other than Mississippi received amounts ranging from $44.5 million to $47.5 million from the conference, according the new tax records. Mississippi received $35.9 million. It is likely that nearly all of the difference in Mississippi's share was attributable to the money missing because of the postseason football ban. The ban impacts money schools can get from the SEC's revenue from the College Football Playoff, bowl games and the SEC football championship game. So, for now, the ban likely cost Mississippi at least $8 million.
Under the SEC's bylaws, 50% of the postseason football amount that would have gone to Mississippi was distributed to the other 13 schools. The other 50% was placed in escrow and can be distributed to Mississippi if it does not have a major rules violation over a five-year period.
Southeastern Conference generated $721 million in revenue for 2019 fiscal year
SEC generated $721 million in revenue, but still trails Big Ten
The Southeastern Conference increased its revenue and per-school payouts during the 2018-19 fiscal year, but – at least for now – those both continued to lag behind the revenue and per-school payouts for the Big Ten.
The SEC had $720.6 million in total revenue for a fiscal year ending Aug. 31, 2019, according to a federal tax return that the conference provided Thursday in response to a request from USA TODAY Sports. That resulted in an average of nearly $45.3 million being distributed to the 13 member schools that received full shares. Mississippi did not get a full share because of its football team was banned from postseason play.
In addition to the revenue shares, the schools that participated in 2018-19 football bowl games retained a combined total of nearly $27 million to "offset travel and other related bowl expenses", according to a statement by the conference.
A year ago, the SEC reported just under $660 million in revenue, and per-school distributions that averaged $43.7 million to the 13 schools other than Mississippi that received full shares.
For the 2018 fiscal year, the Big Ten reported almost $759 million in revenue, and the 12 schools receiving full shares each got roughly $54 million. Maryland and Rutgers, the conference’s two most recent additions, are still moving toward receiving full shares.
For fiscal 2019, the Big Ten Conference likely distributed at least $55 million to each of its 12 schools that got full revenue shares, according to schools' recent financial disclosures.
The Big Ten generally does not file its federal tax return until the spring. So, its revenue total for fiscal 2019 has not yet been made public. However, through open-records requests, USA TODAY Sports has obtained fiscal 2019 financial reports to the NCAA for seven of the 12 schools receiving full shares.
In addition to the revenue data, the new SEC tax document showed that commissioner Greg Sankey’s was credited with nearly $2.6 million in total compensation for the 2018 calendar year, including just over $2.4 million in base compensation. The represents a $500,000 increase in base salary over the amount reported for him for 2017 and a nearly $600,000 increase overall.
(Under IRS rules, a non-profit organization must report its revenue and expense data based on its fiscal year, but it must report compensation data based in the calendar year completed during its fiscal year.)
During fiscal 2019, SEC schools other than Mississippi received amounts ranging from $44.5 million to $47.5 million from the conference, according the new tax records. Mississippi received $35.9 million. It is likely that nearly all of the difference in Mississippi's share was attributable to the money missing because of the postseason football ban. The ban impacts money schools can get from the SEC's revenue from the College Football Playoff, bowl games and the SEC football championship game. So, for now, the ban likely cost Mississippi at least $8 million.
Under the SEC's bylaws, 50% of the postseason football amount that would have gone to Mississippi was distributed to the other 13 schools. The other 50% was placed in escrow and can be distributed to Mississippi if it does not have a major rules violation over a five-year period.
