SEC Sees Higher Revenues Thanks to Additions
It seems the addition of Missouri and Texas A&M has done well for the SEC, as they saw an increase in revenue in their first full year in the conference.
According to USA Today, 2012 federal tax return information says that the conference saw a $41 million bump in revenue, up to $314.5 million. Per the newspaper, SEC commissioner Mike Slive also saw an increase in his pay. Slive was paid $1.2 million in 2012, up $230,000 from the previous year.
According to College Footballk Talk, the large share of the conference’s expenses accounted for conference distributions to each SEC member. According to the report, each SEC member that was already in the conference before 2012, received $21 million, which is an increase of about $400,000 from the previous year.
Missouri and Texas A&M received a smaller share of $19.5 million, which was still roughly $7 million more than their final conference share as members of the Big 12.
Slive’s base salary was less than what the ACC paid John Swofford in 2011 (at least $1.6 million), what the Pac 12’s Larry Scott earned ($1.575 million) and what Jim Delany received from the Big Ten ($1.3 million).
But, aside from teams in the conference, TV rights have a lot to do with the money coming in. The addition of the SEC Network will likely lead to increased revenue for the SEC, which results in larger shares for all 14 SEC members.
The conference plans to launch the network in August 2014 and they are still working to get the network in as many homes as possible. Obviously, the more homes they are in, the more money they make.
It’s a win-win, right?
For more on this story visit: Kevin McGuire, College Football TalkSEC Sees Higher Revenues Thanks to Additions by Sports Talk Florida