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SEC shows slight – and likely temporary – revenue decline in 2022: What it means
Posted on 7/17/23 at 5:14 pm
Posted on 7/17/23 at 5:14 pm
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.
It reported $833.4 million in revenue for its 2021 fiscal year.
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 $4.7 million per school compared to the distributions the conference reported for its 2021 fiscal year.
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.
It reported $833.4 million in revenue for its 2021 fiscal year.
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 $4.7 million per school compared to the distributions the conference reported for its 2021 fiscal year.
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Posted on 7/17/23 at 5:26 pm to BuckI
And this is the rest of the story.Which you conveniently left out:
quote:
Per Berkowitz, the decline wasn’t unexpected and should be an anomaly going forward.
“Most of the decline in the SEC’s 2022 revenue and distributions can be attributed to each school having received a $4 million share of a signing bonus that the conference got when it signed a new football TV deal with ESPN in December 2020, which put that money into the fiscal 2021 cycle,” Berkowitz wrote.
That new TV deal
Posted on 7/17/23 at 5:27 pm to BuckI
Point #1- That's for fiscal year ending Aug 31 2022, so it's for revenue from the 2021 football season, not "last year" in real calendar talk.
Point #2- The statement doesn't mean the Big10 made more revenue, it only says the SEC probably made more than anyone except the Big10, which might have made more. Does the article actually say how much revenue the Big10 made during that same fiscal year? Does the Big10 have the same fiscal calendar as the SEC?
Point #2- The statement doesn't mean the Big10 made more revenue, it only says the SEC probably made more than anyone except the Big10, which might have made more. Does the article actually say how much revenue the Big10 made during that same fiscal year? Does the Big10 have the same fiscal calendar as the SEC?
Posted on 7/17/23 at 5:28 pm to BuckI
" What it means" when it comes to championships is once again Ohio state and the big10 will be on the outside looking in at the SEC.
Posted on 7/17/23 at 5:32 pm to BuckI
Shut the frick up Michigan's bitch.
Posted on 7/17/23 at 5:32 pm to BuckI
quote:
What it means
The SECCG should move to NYC so the SEC could one up the B1G
Posted on 7/17/23 at 5:38 pm to deeprig9
quote:I love this. It didn't, but it probably did.
Point #2- The statement doesn't mean the Big10 made more revenue, it only says the SEC probably made more than anyone except the Big10, which might have made more.
Posted on 7/17/23 at 5:40 pm to BuckI
Is there not a Big 10, 11, 12 board you can post your drizzle on?
Nobody cares.
Nobody cares.
Posted on 7/17/23 at 5:42 pm to Syd
There's a reason we put a river between us and these fricknuts.
Posted on 7/17/23 at 5:51 pm to BuckI
For a teacher you’re really stupid
Posted on 7/17/23 at 5:52 pm to BuckI
Don't worry Buckeye we're coming next year and bringing our Red River friends with us.
Hook'em
Hook'em
Posted on 7/17/23 at 5:54 pm to Syd
quote:Why would I post a topic about the SEC on any other board than an SEC one, let alone any of them?
Is there not a Big 10, 11, 12 board you can post your drizzle on?
Posted on 7/17/23 at 5:58 pm to GAT BoilerPickle Doc
quote:And none too soon according to the article. The SEC needs you both to keep it close.
Don't worry Buckeye we're coming next year and bringing our Red River friends with us
Posted on 7/17/23 at 6:16 pm to BuckI
Finally you and your program have something to cheer about. Congrats.
Posted on 7/17/23 at 7:39 pm to Clark14
The Big Ten is #3 in performance on the field and that is where it counts.
This post was edited on 7/17/23 at 7:46 pm
Posted on 7/17/23 at 7:43 pm to BuckI
The SEC shows no drop-off in national championships though...
Posted on 7/17/23 at 7:48 pm to ucbearcats
No message.
This post was edited on 7/17/23 at 7:49 pm
Posted on 7/17/23 at 7:56 pm to BuckI
Laugh all you want but in 2 years, we surpass you again.
Posted on 7/17/23 at 8:16 pm to Landmass
quote:No, no you won't. In 2 years you guys will be regretting your deal with ABC/ESPN. Some already are.
Laugh all you want but in 2 years, we surpass you again.
Posted on 7/17/23 at 8:22 pm to B_dub
quote:
Shut the frick up Michigan's bitch.
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