Randy Parker Posted January 19, 2016 Posted January 19, 2016 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
JDEaston Posted January 19, 2016 Posted January 19, 2016 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.
HammerTime Posted January 19, 2016 Posted January 19, 2016 What a business, basically free employees earning you half a billion in revenue.
bugatti Posted January 19, 2016 Posted January 19, 2016 What a business, basically free employees earning you half a billion in revenue. Heck of a model, isn't it?
jericho Posted January 19, 2016 Posted January 19, 2016 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
Bengal Maniac Posted January 19, 2016 Posted January 19, 2016 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.
mcpapa Posted January 19, 2016 Posted January 19, 2016 ^ I'm guessing that the SEC Network isn't the only part of the revenue stream.
mcpapa Posted January 19, 2016 Posted January 19, 2016 Jeez. Beat to the punch by a guy even older than me.
jericho Posted January 19, 2016 Posted January 19, 2016 There is other revenue, also at individual schools. They aren't losing money. I thought I read it was playoff money too
LIPTON BASH Posted January 20, 2016 Posted January 20, 2016 They have a nice size contract with CBS as well.
coldweatherfan Posted January 20, 2016 Posted January 20, 2016 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
swamprat Posted January 20, 2016 Posted January 20, 2016 NCAA | Finances | USA TODAY Sports College athletic departments aren't necessarily as broke as you think - SBNation.com 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.
NKY Bandit Posted January 22, 2016 Posted January 22, 2016 That's crazy. Best 'minor leagues' set up of any professional sport, or is college basketball better for the NBA?
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