SEC announces $777.8 million in revenue for 2020-21
Through canceled games and limited attendance due to COVID-19, the Southeastern Conference still saw its annual revenue increase by $105 million for a total of $777.8 million during the 2020-21 athletic year.
The SEC announced Thursday that the $777.8 million will be divided among its 14 universities, averaging slightly over $54.6 million per school. This number excludes bowl revenue retained by schools for bowl expenses.
$54.6 million per school is an increase of over $9 million per school compared to the reported distributions for the 2019-20 season.
According to the SEC’s federal tax records retrieved by USA TODAY SPORTS, the league provided each of its member schools a $23.3 million advance on future conference distributions. This was to offset potential financial shortcomings that came as a result of game cancellations and attendance restrictions. The money came from a loan to the SEC in partnership with Truist and Regions.
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USA TODAY reports that the Big Ten distributed $157 million less to member schools in fiscal 2021 than it did in 2020.
The bulk of the SEC’s revenue came as a result of TV and radio rights, rising to $588 million in 2021 from $497 million in 2020.
It just means more.
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