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<blockquote data-quote="WVUALLEN" data-source="post: 132337335" data-attributes="member: 1112294"><p>The SEC signed a new $300 million deal with ESPN last year that gives the network rights to all SEC football games starting in 2024 and is expected to bump the conference's annual distribution to its members to about $68 million.</p><p></p><p>CBS is currently paying $55 million per year for the package and is expected to hold onto the rights for the three seasons remaining on its contract.</p><p></p><p>While the full deal still has years to go before kicking in, ESPN will as soon as next season begin airing up to 14 non-conference football and 20 non-conference men’s basketball games per year on ESPN+. The platform will be able to stream one such football game per school and up to two men’s basketball games.</p><p></p><p>by <a href="https://www.sportsmediawatch.com/author/paulsensmw/">Paulsen</a> <a href="https://www.sportsmediawatch.com/2020/12/sec-espn-deal-official-abc-replacing-cbs/">2 years ago</a></p><p></p><p>ESPN/ABC will pay the SEC "in the low $300 million range" annually, according to Sports Business Journal, a <strong><em><span style="font-size: 26px">significant increase on the $55 million the league makes</span></em></strong> per year from its contract with CBS.</p><p></p><p>The SEC generated $720.6 million in revenue and averaged $45.3 million in payouts to the 13 member schools that received full shares during the 2019 year. (Mississippi did not get a full share because of its football team was banned from postseason play.)</p><p></p><p>During the same year, the Big 12 reported payouts ranging from $38.2 million to $42 million, the ACC from $27.6 million to $34 million and the Pac-12 about $32.2 million.</p><p></p><p>The increased revenue will allow SEC football programs in particular to make even larger financial investments in facilities, coaching staffs and recruiting budgets. As one marker of the league's willingness to outbid the rest of the Power Five, the SEC had 10 of the 15 highest-paid assistant coaches and five of the seven highest-paid staffs altogether during the 2019 season.</p><p></p><p>SEC teams have been at the forefront of college football's ongoing arms race. South Carolina recently invested $50 million in a new operations center. Missouri paid $98 million to refurbish its football facility. Ongoing renovations at Alabama's Bryant-Denny Stadium come with an estimated price tag of $288 million. </p><p></p><p>The contract will also set the bar for the Big Ten, which is in the midst of a six-year, $2.64 billion contract with CBS, FOX and ESPN that expires in 2023. </p><p></p><p>By 2024, there may be three distinct if undefined groups in college football: the Group of Five, the Power Five and then the Power Two, the SEC and Big Ten, well ahead of the rest of the NCAA.</p><p></p><p><a href="https://www.usatoday.com/staff/2646631001/paul-myerberg/">Paul Myerberg</a></p><p>USA TODAY</p><p></p><p>in 2024, the per-school payouts could reach $70 million or more. , which distributed $55 million per school in fiscal 2021. The SEC also has an extended rights deal with ESPN for $300 million a year that will begin after the 2023 football season.</p></blockquote><p></p>
[QUOTE="WVUALLEN, post: 132337335, member: 1112294"] The SEC signed a new $300 million deal with ESPN last year that gives the network rights to all SEC football games starting in 2024 and is expected to bump the conference's annual distribution to its members to about $68 million. CBS is currently paying $55 million per year for the package and is expected to hold onto the rights for the three seasons remaining on its contract. While the full deal still has years to go before kicking in, ESPN will as soon as next season begin airing up to 14 non-conference football and 20 non-conference men’s basketball games per year on ESPN+. The platform will be able to stream one such football game per school and up to two men’s basketball games. by [URL='https://www.sportsmediawatch.com/author/paulsensmw/']Paulsen[/URL] [URL='https://www.sportsmediawatch.com/2020/12/sec-espn-deal-official-abc-replacing-cbs/']2 years ago[/URL] ESPN/ABC will pay the SEC "in the low $300 million range" annually, according to Sports Business Journal, a [B][I][SIZE=7]significant increase on the $55 million the league makes[/SIZE][/I][/B] per year from its contract with CBS. The SEC generated $720.6 million in revenue and averaged $45.3 million in payouts to the 13 member schools that received full shares during the 2019 year. (Mississippi did not get a full share because of its football team was banned from postseason play.) During the same year, the Big 12 reported payouts ranging from $38.2 million to $42 million, the ACC from $27.6 million to $34 million and the Pac-12 about $32.2 million. The increased revenue will allow SEC football programs in particular to make even larger financial investments in facilities, coaching staffs and recruiting budgets. As one marker of the league's willingness to outbid the rest of the Power Five, the SEC had 10 of the 15 highest-paid assistant coaches and five of the seven highest-paid staffs altogether during the 2019 season. SEC teams have been at the forefront of college football's ongoing arms race. South Carolina recently invested $50 million in a new operations center. Missouri paid $98 million to refurbish its football facility. Ongoing renovations at Alabama's Bryant-Denny Stadium come with an estimated price tag of $288 million. The contract will also set the bar for the Big Ten, which is in the midst of a six-year, $2.64 billion contract with CBS, FOX and ESPN that expires in 2023. By 2024, there may be three distinct if undefined groups in college football: the Group of Five, the Power Five and then the Power Two, the SEC and Big Ten, well ahead of the rest of the NCAA. [URL='https://www.usatoday.com/staff/2646631001/paul-myerberg/']Paul Myerberg[/URL] USA TODAY in 2024, the per-school payouts could reach $70 million or more. , which distributed $55 million per school in fiscal 2021. The SEC also has an extended rights deal with ESPN for $300 million a year that will begin after the 2023 football season. [/QUOTE]
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