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SEC paid out nearly $41M in revenue to each school in 2016-17

Average conference revenues for SEC teams increased by $500,000 in 2016-17. (AP)

Conference revenues for SEC teams went up slightly in 2016-17 from 2015-16.

OK, $500,000 is a lot to you and me and pretty much everyone else reading this blog post. But in the context of $40 million, it’s not. After giving each of its 14 teams a payout of $40.4 million in 2015-16, the SEC said Thursday that teams received an average of $40.9 million for the most recent fiscal year.

“This distribution from the SEC is instrumental to our universities’ athletics programs ability to provide the highest possible level of support for the thousands of student-athletes who participate annually in nearly two dozen conference sports,” SEC commissioner Greg Sankey said. “This commitment to excellence encompasses superior support in coaching, equipment, training, academic counseling, medical care and life-skills development for our student-athletes.”

[Your chance to win on football’s biggest day. Sign up for Squares Pick’em]

Thanks to the existence of the SEC Network and the conference’s alignment with ESPN, the SEC will continue to be at the top of the Power Five revenue heap with the Big Ten. According to a report this summer, Michigan is anticipating Big Ten revenues of approximately $50 million for the 2017-18 fiscal year thanks to the conference’s recently renewed television contracts.

[Stream Super Bowl LII live on the Yahoo Sports mobile app]

The Big Ten has new TV contracts with Fox and ESPN. Michigan’s rivalry game with Ohio State (a Buckeye win, as Ohio State fans would undoubtedly want us to note) was broadcast on Fox in 2017.

If you’re wondering where the SEC’s revenue sharing money comes from, the conference said it’s via “revenue generated from television agreements, post-season bowl games, the College Football Playoff, the SEC Football Championship, the SEC Men’s Basketball Tournament, NCAA Championships and a supplemental surplus distribution.”

Watch the Super Bowl live on Yahoo Sports:

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Nick Bromberg is the editor of Dr. Saturday and From the Marbles on Yahoo Sports. Have a tip? Email him at nickbromberg@yahoo.com or follow him on Twitter!

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