SEC made $527 million in first year of CFP & SEC Network

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    Randy Parker's Avatar
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    SEC made $527 million in first year of CFP & SEC Network

    The return, which the conference provided Thursday in response to a request from USA TODAY Sports, also shows that SEC had $527.4 million in total revenue for a fiscal year that ended Aug. 31, 2015. That was the first fiscal year in which the conference began receiving money from the formation of the SEC Network and from the new College Football Playoff.

    The total revenue figure is more than 60% greater than the SEC reported for a fiscal year ending Aug. 31, 2014.

    The conference announced last spring that it would be distributing about $455.8 million to its 14 member schools or about $31.2 million per school.


    That's a lot of money
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    Boom goes the dynamite!

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    S-E-C! S-E-C!

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    I remember reading an article prior to the launch of the SEC network that they estimated each school would receive around $18 million in it's first year of operation. $31 million is quite a jump, the network has obviously been a huge success and is a key player in SEC revenue.

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    What a business, basically free employees earning you half a billion in revenue.

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    bugatti's Avatar
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    Quote Originally Posted by HammerTime View Post
    What a business, basically free employees earning you half a billion in revenue.
    Heck of a model, isn't it?

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    31 million

    Wow

    But let's consider
    recruiting budgets
    Stadium upgrades
    Travel money
    Scholarships and Money to sports who don't make money like soccer, tennis, volleyball, softball, swim, track, baseball,
    Lodging for travel
    Cost of travel
    Buying equipt for all sports
    Paying coaches
    Paying administration

    Heck to me it seems tey are losing money

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    Quote Originally Posted by mountain ref View Post
    31 million

    Wow

    But let's consider
    recruiting budgets
    Stadium upgrades
    Travel money
    Scholarships and Money to sports who don't make money like soccer, tennis, volleyball, softball, swim, track, baseball,
    Lodging for travel
    Cost of travel
    Buying equipt for all sports
    Paying coaches
    Paying administration

    Heck to me it seems tey are losing money
    There is other revenue, also at individual schools. They aren't losing money.

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    ^ I'm guessing that the SEC Network isn't the only part of the revenue stream.

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    Jeez. Beat to the punch by a guy even older than me.

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    Quote Originally Posted by Bengal Maniac View Post
    There is other revenue, also at individual schools. They aren't losing money.
    I thought I read it was playoff money too

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    They have a nice size contract with CBS as well.

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    NCAA | Finances | USA TODAY Sports

    College athletic departments aren't necessarily as broke as you think - SBNation.com
    Using USA Today's numbers, here are Division I public school athletic departments ranked by revenue, minus expenses and everything included in "subsidies."

    Athletic department Revenue minus subsidies minus expenses
    1 Ohio State $23,612,978
    2 Alabama $21,377,437
    3 Oklahoma $21,358,108
    4 Texas $18,883,901
    5 Florida $18,593,745
    6 Oregon $17,930,985
    7 Michigan $12,239,982
    8 LSU $12,145,380
    9 Kansas $10,523,506
    10 Kansas State $8,645,452
    11 Texas A&M $8,252,345
    12 Arkansas $5,611,468
    13 Washington $5,526,960
    14 Nebraska $5,249,732
    15 Missouri $4,515,874
    16 Texas Tech $2,610,828
    17 Michigan State $2,426,782
    18 Mississippi State $2,401,801
    19 Indiana $1,501,254
    20 Kentucky $1,450,017
    21 West Virginia -$256,382

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    Just pointing out the obvious, that of the 230 Division 1 schools, only 20 universities made a profit. 210 lost money, most of those significant money.

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    That's crazy. Best 'minor leagues' set up of any professional sport, or is college basketball better for the NBA?

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