League schools each receive $40.9 million for 2016-17 year
COLLEGE STATION — The financial times continue to be good for the Southeastern Conference and its 14 members, including Texas A&M, which will each receive $40.9 million from revenue generated in the 2016-17 fiscal year.
SEC commissioner Greg Sankey announced Thursday that the SEC is divvying up $596.9 million among its schools.
According to the league office, the total includes $573.8 million from the SEC, and $23.1 million retained by the programs that played in bowl games to “offset travel and other related bowl expenses.”
“This distribution from the SEC is instrumental to our universities’ athletics programs ability to provide the highest possible level of support for the thousands of student-athletes who participate annually in nearly two dozen conference sports,” Sankey said in a statement.
The revenue comes from TV deals, bowl games, the College Football Playoff, the SEC football title game, the SEC men’s basketball tournament and various other NCAA championships.
Last year, the payout for each of the 14 schools was $40.4 million, with payments up about $500,000 from the 2015-16 fiscal year.
The Big 12 has yet to release its revenue statements from the 2016-17 fiscal year, but last year the league that is home to Texas, Texas Tech, TCU and Baylor generated $34.8 million per school, according to the Big 12 office.
A&M exited the Big 12, now comprised of 10 schools, in the summer of 2012 for a spot in the SEC.