SEC reveals 2022-23 revenue distribution, with each school averaging $51.3M

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The Southeastern Conference is doing quite well. 

SEC Commissioner Greg Sankey announced Thursday that the SEC distributed $741 million to its 14 schools from the 2022-23 fiscal year. 

SEC Commissioner Greg Sankey speaks during Day One of 2023 SEC Media Days at Grand Hyatt Nashville on July 17, 2023 in Nashville, Tennessee. (Johnnie Izquierdo/Getty Images)

According to the conference, $718 million came directly from the SEC office, with another $23 million that was retained by schools participating in 2022-23 football bowl games. 

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Each school received an average of $51.3 million. 

"SEC member universities are proud to support thousands of student-athletes who participate in broad-based athletics programs across the league," Sankey said. "SEC universities are committed to providing a high-level experience for all of our participants through an impactful and life-changing college experience that includes world-class support in coaching, training, academic counseling, medical care, mental health support, nutrition, life-skills development and post-eligibility healthcare coverage for student-athletes."

The SEC Championship logo painted on the field prior to the SEC Championship game between the Alabama Crimson Tide and the Georgia Bulldogs at Mercedes-Benz Stadium on Dec. 2, 2023 in Atlanta. (Todd Kirkland/Getty Images)

The $718 million in revenue is a $19.2 million increase from the previous year. The majority of the revenue comes from television agreements, postseason bowl games, the College Football Playoff, the SEC Football Championship Game, the SEC Men's Basketball