Been that way for 40+ years. Sixteen shares. Each team gets 1/16, SEC office gets 1/16, and the SEC team that is playing in said bowl, a 2/16 share. The SEC is not going to prepay us over $2 million to travel to Memphis, Nashville, Charlotte, Jacksonville, Tampa, Orlando, Birmingham, Houston, Shreveport, and likely not Las Vegas either. What you quoted above is for "playoff" or NY6 teams for which the SEC will only have 1-3 teams participating this year, Ex: Expenses to Memphis might total a couple hundred thousand. Expenses to Las Vegas might total 500-750K. The SEC Executive Committee will determine ultimately what each team gets if there is any additional expenses needed. And they will never publish what is paid to who.
It may have been that way 40 years, ago, but it's not that way now. If you actually read the whole thing, you'd see I only picked (d) because it applied to the $6.4 Million payout of the Texas Bowl.
Here's the full thing:
31.21.1 Distribution of Bowl Game Receipts.
Distribution of revenue (after allowable deductions) generated from member institutions participating in bowl games shall be reviewed on an annual basis and determined as follows: [Revised: 6/1/95; Revised: 6/2/06; effective 8/1/2006; Revised: 5/31/2013; effective 8/1/2013; Revised: 6/2/17]]
(a) For bowl games providing receipts which result in a balance of less than $1,500,000, the participating institution shall retain $1,050,000, plus a travel allowance as determined by the SEC Executive Committee. The remainder shall be remitted to the Commissioner and shall be divided into 15 equal shares with one share to the Conference and one share to each member institution. [Revised: 6/1/02; Revised: 6/2/06; effective 8/1/2006; Revised: 5/29/09; effective 8/1/2009; Revised: 5/31/2013; effective 8/1/2013; Revised: 5/30/14; effective 8/1/2014; Revised: 6/3/16; effective 8/1/2016, Revised: 6/1/18]
(b) For bowl games providing receipts which result in a balance between $1,500,000 and $3,999,999, the participating institution shall retain $1,325,000, plus a travel allowance as determined by the SEC Executive Committee. The remainder shall be remitted to the Commissioner and shall be divided into 15 equal shares, with one share to the Conference and one share to each member institution. [Revised: 6/1/02; Revised: 6/2/06; effective 8/1/2006; Revised: 5/29/09; effective 8/1/2009; Revised: 5/31/2013; effective 8/1/2013; Revised: 5/30/2014; effective 8/1/2014; Revised: 6/3/16; effective 8/1/2016, Revised: 6/1/18]
(c) For bowl games providing receipts which result in a balance between $4,000,000 and $5,999,999, the participating institution shall retain $1,525,000, plus a travel allowance as determined by the SEC Executive Committee. The remainder shall be remitted to the Commissioner and shall be divided into 15 equal shares, with one share to the Conference and one share to each member institution. [Revised: 6/1/02; Revised: 6/2/06; effective 8/1/2006; Revised: 5/29/09; effective 8/1/2009; Revised: 5/31/2013; effective 8/1/2013; Revised: 5/30/2014; effective 8/1/2014; Revised: 6/3/16; effective 8/1/2016, Revised: 6/1/18]
(d) For bowl games providing receipts which result in a balance of $6,000,000 or more and all College Football Playoff games, the participating institution shall receive $2,050,000 ($2,050,000 if the SEC team is a participant in the College Football Playoff semi-finals game; an additional $2,150,000 if the SEC team is also a participant in the College Football Playoff championship game, which determines the National Champion), plus a travel allowance as determined by the SEC Executive Committee. Institutions participating in a College Football Playoff game may also request additional travel expenses, which may be granted to such institution at the Commissioner’s discretion. The remainder shall be remitted to the Commissioner and shall be divided into 15 equal shares, with one share to the Conference and one share to each member institution. [Revised: 6/1/02; Revised: 6/2/06; effective 8/1/2006; Revised: 5/29/09; effective 8/1/2009; Revised: 5/31/2013; effective 8/1/2013; Revised: 5/30/2014; effective 8/1/2014; Revised: 6/3/16; effective 8/1/2016, Revised: 6/1/18]
(e) Bowl Revenue Protection Insurance shall be deducted prior to Conference distribution. [Adopted: 6/1/02; Revised: and Effective 6/4/2010; Revised: 5/31/2013; effective 8/1/2013; Revised: 5/30/2014; effective 8/1/2014; Revised: 6/3/16; effective 8/1/2016]
(f) The cost of unused tickets up to the contractually guaranteed ticket purchase number shall be deducted prior to Conference distribution for all bowl games providing receipts of $6 million or more. For bowl games providing receipts of less than $6 million, the participating institution shall be fully responsible for the contractually guaranteed ticket purchase number. [Adopted: 6/2/17; Revised: 5/28/20]
(g) For bowl games in which a member institution participates as an “alternate” (e.g., 5-7 team) under NCAA Postseason Bowl Game requirements, the participating institution shall retain all revenue distributed by the bowl. The participating institution shall not receive a base retainage or travel allowance as set forth in subsections (a) through (d) above. The participating institution shall also be fully responsible for the contractually guaranteed ticket purchase number and any other expenses associated with participation in the bowl. [Adopted: 6/2/17]