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Tax return shows SEC made $527.4 million in first year of CFP, SEC Network...
Posted on 1/19/16 at 1:13 pm
Posted on 1/19/16 at 1:13 pm
LINK
quote:
The return, which the conference provided Thursday in response to a request from USA TODAY Sports, also shows that SEC had $527.4 million in total revenue for a fiscal year that ended Aug. 31, 2015. That was the first fiscal year in which the conference began receiving money from the formation of the SEC Network and from the new College Football Playoff.
The total revenue figure is more than 60% greater than the SEC reported for a fiscal year ending Aug. 31, 2014.
The conference announced last spring that it would be distributing about $455.8 million to its 14 member schools — or about $31.2 million per school.
quote:
As another comparison to the SEC’s new revenue total, it is more than half of the $906 million that the NCAA reported on its most recently available tax return — which covered a fiscal year ending Aug. 31, 2014.
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Posted on 1/19/16 at 1:15 pm to dallasga6
You're welcome fellow SEC members
Posted on 1/19/16 at 1:15 pm to texag7
thanks for the check and the rent a win 
Posted on 1/19/16 at 1:18 pm to Draconian Sanctions
We didn't even have to rent it
Posted on 1/19/16 at 1:18 pm to dallasga6
WOW
We are balling!
We are balling!
Posted on 1/19/16 at 1:18 pm to dallasga6
Posted on 1/19/16 at 1:20 pm to dallasga6
Damn 2015-2016 should yield even higher returns
Posted on 1/19/16 at 1:22 pm to texag7
quote:
You're welcome fellow SEC members
Posted on 1/19/16 at 1:23 pm to MontyFranklyn
Need to just go ahead and pay the players.
Posted on 1/19/16 at 1:23 pm to greenbastard
So,
how is the longhorn network doing?
But seriously,
frick those guys.
how is the longhorn network doing?
But seriously,
frick those guys.
Posted on 1/19/16 at 1:24 pm to Draconian Sanctions
quote:
thanks for the check and the rent a win
Posted on 1/19/16 at 1:29 pm to CBandits82
Posted on 1/19/16 at 1:29 pm to dallasga6
quote:
The return, which the conference provided Thursday in response to a request from USA TODAY Sports, also shows that SEC had $527.4 million in total revenue for a fiscal year that ended Aug. 31, 2015. That was the first fiscal year in which the conference began receiving money from the formation of the SEC Network and from the new College Football Playoff.
The total revenue figure is more than 60% greater than the SEC reported for a fiscal year ending Aug. 31, 2014.
The conference announced last spring that it would be distributing about $455.8 million to its 14 member schools — or about $31.2 million per school.
What am I missing?
$455.8 in 2014. 527.4 in 2015.
That's not more than 60% greater.
Posted on 1/19/16 at 1:30 pm to dallasga6
They really actualized far above projections...and there's only going to be even more money next year as we keep picking up new providers.
Posted on 1/19/16 at 1:33 pm to Don Johnson
quote:
he total revenue figure is more than 60% greater than the SEC reported for a fiscal year ending Aug. 31, 2014.
The conference announced last spring that it would be distributing about $455.8 million to its 14 member schools — or about $31.2 million per school.
End of 2014 =/ distributing # form last spring.
Posted on 1/19/16 at 1:33 pm to dallasga6
Damn. Thank God Texans are in the footprint or y'all would be closer to Ole Miss money than Aggie money. You're welcome, conference members. I know how thankful you are that we accepted the membership offer.
Posted on 1/19/16 at 1:37 pm to TeLeFaWx
From the article
Now at $527.4M.
They've grown 250% in 6 years. That's really solid for a decades old brand.
quote:
In its fiscal year ending Aug. 31, 2009, the SEC reported total revenue of just under $150 million.
Now at $527.4M.
They've grown 250% in 6 years. That's really solid for a decades old brand.
Posted on 1/19/16 at 1:38 pm to TeLeFaWx
It's cool that yall also agreed to be irrelevant on top of giving us all this money. Thanks Aggies.
Posted on 1/19/16 at 1:39 pm to dallasga6
That is insane
Posted on 1/19/16 at 1:40 pm to dallasga6
quote:
$527.4 million in total revenue
quote:What is Birmingham doing with the $70+ million not being distributed to the schools?
distributing about $455.8 million
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