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SEC, Big 12 pull in record revenues

Raining Money

Even as the debate rages over what if any compensation over and above a scholarship football players should be given, the power conferences continue to rake in money hand over fist, and then back over the hand for good measure.

Friday afternoon, the commissioners of both the SEC and Big 12 announced that it set records for disbursement of revenues in a year.

The total revenue distributed by the SEC to its members schools was $309.6 million, Mike Slive confirmed.  That breaks down to an average of $22.1 million per school, a figure that includes bowl revenue as well.  A total of $292.8 million, or $20.9 million per school, comes from the conference.

Last fiscal year, the SEC distributed a then-record $304.7 million, or $21.7 million per school.  In 2009, the SEC distributed a total of $165.9 million.

Manziel Money GIFWith the launch of the SEC Network this August, per-team revenues are expected to increase by at least $5 million over the next couple of years and could reach $10 million-plus within a handful years.  Some projections have SEC teams bringing in excess of $40 million annually by the end of the decade.

And that’s without even mentioning the new College Football Playoff, which will be of great financial benefit to all of the Power Five conferences.

A little further west, the Big 12 announced that it distributed $213 million to its member institutions.  As this conference has just 10 members, and just eight of them receive full shares, that octet actually trumped the SEC at $23 million per school.  Newer members TCU and West Virginia received “just” $14 million apiece.

For the 2012-13 fiscal year, the Big 12 distributed $198 million.

Both the Big 12 and SEC, though, will (reportedly) pale in comparison to the Pac-12 this year, with the Left Coast conference set to distribute in the neighborhood of $334 million — $27.8 million per school — to its 12 members.  For what it’s worth, the Big Ten is expected to distribute just north of $320 million to its 14 schools for 2013-14.

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7 Responses to “SEC, Big 12 pull in record revenues”
  1. overratedgators says: May 30, 2014 3:12 PM

    “309 Million? Awww. That’s adorable.” – Larry Scott

  2. drummerhoff says: May 30, 2014 3:37 PM

    How about the ACC?

  3. charles130 says: May 30, 2014 7:04 PM

    The road is about to get a lot tougher for these conferences.

    The model is rapidly changing as many 20-somethings simply aren’t subscribing to cable. The $120 cable bills that allow for these conference networks simply won’t be the norm going forward, and the Big 10 I think will start to learn the hard lesson the Pac-12 is learning as their contracts come up for re-negotiation.

    Cable TV will shift toward an a la carte model over the next decade which means the average 78 year old grandmother won’t be unwittingly subsidizing these channels.

    It will be interesting to see how it develops.

  4. drummerhoff says: May 30, 2014 9:05 PM

    @charles

    It doesn’t matter how you watch the game, only that you watch it because ‘Content is king’ in the entertainment/ media business.
    The owners of the content, in this case football games & conference programming, will charge you to watch no matter how their content is accessed.

    Yes, grandma is subsidizing the cost for the college football fan. If TV goes ala carte, the cost for ESPN will go from $6 per month to a multiple of that.
    Name one entertainment vehicle whose price ever went down.

    I wish what you posted could become true. But it’s impossible. Too much money is at stake.

  5. amosalanzostagg says: May 31, 2014 3:52 PM

    Asute points by all.

    TV as we now know it is dependent on the Aereo case before the USSC.

    Aereo allows a viewer to skip commercials, the life blood of the networks.

    If the Court rules against Aereo, the networks will maintain the status quo. However, should the Court rule that Aereo is within their scope of a broadcasting service, the Networks will go to pay per view for their network content.

    Free TV is gone.

    The networks will simply go to the ATT and Comcast and say how much will you pay US for our programing in the form of a “content” fee, not an access fee? By saying content, it keeps the FCC out .Comcast (NBC) will simply extend reciprocity to ABC, CBS and FOX and Univision for content. Same with AT&T. Why do you think AT&T is buying Direct TV? Satellite access.

    That is why the PAC-12 and the B1G have an initial jump on the SEC and the ACC on revenue sharing. The money will start flowing to the SEC when their network debuts in September. The ACC will follow in 2016 when ESPN finishes acquiring Raycom.

    The mid majors and the Big 12 (No Big 12 network) are on the outside looking in.
    Texas, BYU and ND are sitting pretty short term. ND is going to have to make a decision on their ACC affiliation. The ACC with a network makes the NBC contract with ND small potatoes. Texas is going to have to make a decision on the LHN. Do they turn it over to the Big 12 or do they jettison the network to go west to the PAC-12? BYU is in the best position because their Network is owned by the Church of LDS, and any negotiations by the alphabet networks would go through
    the Church, not a conference.

    Div IV is coming.

    Way too much money being left on the table.

    RTR.

  6. kansas531 says: Jun 1, 2014 8:58 AM

    Congratulations Mizzou & Texas A&M, you left the Big 12 for the SEC 2 years ago for the “big money”. Both years, the Big 12 payout per school has been greater than the SEC.

    Smart move.

  7. musketmaniac says: Jun 2, 2014 2:42 PM

    kansas nobody feels these changes more than my mountaineers. eventually TCU and WVU will get an equal share. but I agree with you its seems like these expansions are not going as planned.

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