The Southeastern Conference, despite a slight decline, still had more than $800 million in revenue as it heads toward new TV deal and expansion.
Dan Wolken looks at if Georgia can now be considered the team to beat in college football.In a rare, small and likely temporary setback to its position of financial power in college sports, the Southeastern Conference had a nearly 4% decline in revenue during its 2022 fiscal year, the conference’s new federal tax records show.
The document – provided by the conference on Thursday in response to a request from USA TODAY Sports – shows the SEC with total revenue of just over $802 million for a year ending Aug. 31, 2022.Even with the decline – its first in at least 10 years – the SEC is likely to be far ahead of every Power Five conference except the Big Ten in total revenue for 2022. But the decline meant that distributions to its 14 member schools averaged about $49.9 million per school, a decrease of about $4.
In fiscal 2021, the SEC also provided each of its schools with a $23.3 million advance of future conference distributions. in December 2020, which put that money into the fiscal 2021 cycle.The TV deal is set to begin in fall 2024, and will bring with it a major revenue increase that likely will go even higher when Oklahoma and Texas join the conference, a move currently scheduled to occur in 2025.
"The Conference’s total revenue has varied as we manage through pandemic realities, transition of our media agreements and prepare for membership expansion," commissioner Greg Sankey said in a statement to USA TODAY Sports. "We are confident the Conference’s revenues will stabilize and increase significantly as we move forward to a new media agreement and growth to a 16-member conference.”The new return also showed that Sankey was credited with just over $3.
It’s the first time Sankey has surpassed $3 million in annual compensation, and the total brings him into line with the pay of other Power Five commissioners, who generally have been far ahead of Sankey since he moved into the SEC’s top job in June 2015 after working in other roles with the conference since 2002.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Michael Jackson Estate Nearing Music-Catalog Sale Worth $800-$900 Million (EXCLUSIVE)The Michael Jackson estate is in the process of selling half of its interests in the legendary singer’s music catalog in a deal in the $800 million-$900 million range, three sources confirm to Vari…
続きを読む »
Fact Check: Did Joe Biden increase the deficit by $800 billion?Following the State of the Union address, House Speaker Kevin McCarthy contradicted White House data.
続きを読む »
Stimulus update: Deadline to claim $800 direct payments in South Carolina just one week awaySouth Carolina residents only have seven days left to file their 2021 taxes and receive a rebate of up to $800.
続きを読む »
Stimulus update: Deadline to claim $800 direct payments in South Carolina just six days awayThere is under a week left for South Carolina residents to file their 2021 taxes and receive a rebate of up to $800.
続きを読む »
Bed Bath & Beyond could raise $1B from offeringBed Bath & Beyond could receive a little more than $1 billion in gross proceeds from a stock offering in an attempt to avoid bankruptcy, the company announced.
続きを読む »
Turkey earthquake live updates: Fevered rescues underway as death toll tops 6,000 in Turkey, SyriaLATEST: The Port of Iskenderun in southern Turkey sustained heavy damage on Monday. The port was damaged due to the earthquake that struck Turkey and neighboring Syria.
続きを読む »