The Southeastern Conference commissioner Greg Sankey said Thursday that they have reached a record high payout of $651 million for their 14 schools, and the Dawgs got paid.
The average payout per team was just shy of $45 million and Georgia received $44 million. This total conference payout was up nearly four percent from the previous year of $627.1 million.
The SEC released in a statement that all of this revenue is coming from TV contracts, bowl games, the College Football Playoff, the SEC football championship, the SEC men’s basketball tournament, NCAA championships and a supplemental surplus distribution.
“The revenue distributed through the Southeastern Conference enables our 14 member universities to provide unparalleled support to their student-athletes through superior instruction, training, equipment, academic counseling, medical care, mental health and wellness support and life-skills development,” Sankey said in that statement. “It is this sustained conference-wide commitment to the student-athlete experience that makes this conference sound and its impact so meaningful.”
This payout is the largest in Georgia football history and should only be trending upwards with the recruiting classes Kirby Smart is crafting.
The Big Ten received more than the SEC this year, paying out an average of over $50 million per 14 schools, while the ACC paid out an average of $29.5 million.