SEC schools to receive approximately $11.1 million each in revenue sharing
The 12 SEC schools will split approximately $132.5 million from the league's revenue sharing plan for the 2008-09 fiscal year, commissioner Mike Slive announced Friday.
It is the most money ever diistributed among the teams in SEC history, and represents a 4.0 percent increase from the $127.6 million distributed to the schools in 2007-2008.
That total does not include the $11.6 million retained by the institutions participating in bowls and $744,000 divided among all 12 institutions by the NCAA for academic enhancement.
The revenue sharing plans include money generated by football television, bowls, the SEC Football Championship, basketball television, the SEC Men’s Basketball Tournament and NCAA Championships.
The money was derived from $52 million from football television agreements, $25.4 million from bowls, $14.3 million from the SEC Football Championship, $13.6 million from basketball television agreements, $4.1 million from the SEC Men’s Basketball Tournament and $23.1 million from NCAA Championships.