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re: Tax return shows SEC made $527.4 million in first year of CFP, SEC Network...
Posted on 1/19/16 at 4:46 pm to Carolina_Girl
Posted on 1/19/16 at 4:46 pm to Carolina_Girl
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Posted on 1/19/16 at 4:47 pm to CCTider
quote:
I don't see what letting us into Texas recruiting territory and an easy win has to do with money. But thanks.
So you're saying y'all were going to get the SEC Network at the same time regardless of expansion?
Posted on 1/19/16 at 5:01 pm to UAtide11
quote:
The article itself says that the SEC paid ~$28M for postseason events.
Paid $28M for postseason events. I would assume that is just the expenses. With ticket sales, etc., there is revenue. I would assume there is a good bit of revenue that comes in from the Football Championship Game and the Men's Basketball Tournament, Baseball Tournament, etc.
My guess is the revenue falls short of the expenses when you count all sports, but I would guess they lose no more than $5M or so on postseason events.
quote:
In addition to that, they probably have to pay for advertisements, payroll taxes, insurance?, legal fees, etc
Sure there is some of this. But there are only 30 or so employees at the SEC office. Payroll taxes and insurance are certainly an expense, but its a drop in the bucket compared to the $50M - $60M we're trying to account for.
As for advertisements... yes, the SEC runs ads. But they also get PAID by Regions, Golden Flake, etc. to let them advertise at events.
I would still like to know how much the SEC puts away each year and what that figure is. I've heard its unreal.
Posted on 1/19/16 at 5:20 pm to dallasga6
so is the public's cost of everything football related coming down now since each school is getting paid?
Posted on 1/19/16 at 5:23 pm to dallasga6
This is 2014. Should make more this past year, 2015.
This post was edited on 1/19/16 at 5:24 pm
Posted on 1/19/16 at 5:23 pm to Mac
overhead. paying salaries, refs, advertising. I imagine you could ask for their financial statements through a freedom of information act.
Posted on 1/19/16 at 5:24 pm to dallasga6
This is known as "The Texas A&M Effect"
Posted on 1/19/16 at 5:24 pm to mrbroker
quote:
I imagine you could ask for their financial statements through a freedom of information act.
Because the SEC is not a public entity, they would laugh at a FOIA request.
Posted on 1/19/16 at 5:36 pm to BHMKyle
quote:
So that leaves $71.6 million for the SEC to do what with?
Damn, you just exposed the source of the REC's slush fund.
Posted on 1/19/16 at 6:55 pm to dallasga6
No wonder why these chumps don't want to pay their players. I guess I wouldn't want them getting a cut of my money either. 
Posted on 1/19/16 at 7:00 pm to dallasga6
Thanks for the money guys.
Vandy will take that money and not spend any of it on improving the worst stadium in the SEC unfortunately
Vandy will take that money and not spend any of it on improving the worst stadium in the SEC unfortunately
Posted on 1/19/16 at 7:04 pm to Patton
quote:
It's cool that yall also agreed to be irrelevant on top of giving us all this money. Thanks Aggies.
Y'all can't take credit for that dammit! We were irrelevant long before the SEC came along!
Posted on 1/19/16 at 7:12 pm to dallasga6
quote:
it is more than half of the $906 million that the NCAA reported on its most recently available tax return
Very interesting.
Posted on 1/19/16 at 7:22 pm to Mizzou Mule
quote:
And we thank you again for having us in the conference.
Missouri is the "Show me" state, how about showing us how thankful you are by not sucking.
Posted on 1/19/16 at 7:28 pm to pillsburydoreboy
quote:
Vandy will take that money and not spend any of it on improving the worst stadium in the SEC unfortunately
Jusy buy some books for your library and some beakers and flasks and shite and keep the grades up.
Posted on 1/19/16 at 7:29 pm to dallasga6
quote:
$31.2 million per school
Should be a solid down payment on a new basketball arena.
Posted on 1/19/16 at 7:43 pm to scrooster
I hope everyone understands the difference between "revenue" and "profit." Revenue is simply the money taken in before expenses and capital.
Lets assume the $71 million difference between the "revenue" and what was distributed was cost of doing business. SEC network surely has expenses from advertising to salary for the staff...someone has to pay Finebaum you know. The SEC staff has salaries and operating expenses as well as some capital for facilities, etc.
But if I had a business that returned >$500 million in revenue for only $70 million in expenses, I would be accused of dealing drugs.
Lets assume the $71 million difference between the "revenue" and what was distributed was cost of doing business. SEC network surely has expenses from advertising to salary for the staff...someone has to pay Finebaum you know. The SEC staff has salaries and operating expenses as well as some capital for facilities, etc.
But if I had a business that returned >$500 million in revenue for only $70 million in expenses, I would be accused of dealing drugs.
Posted on 1/19/16 at 7:46 pm to texag7
check in the mail!!! 
Posted on 1/19/16 at 8:18 pm to mls4bama
Posted on 1/19/16 at 8:26 pm to Jacknola
Slive > El Chapo
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