BIRMINGHAM, Ala. — SEC schools will divvy up a league-record $209 million in revenue, a nearly 58 percent increase from the previous year.
SEC commissioner Mike Slive said Friday that the 12 member schools will receive an average of $17.3 million under the revenue sharing plan for the 2009-10 fiscal year, ending Aug. 31.
It’s the most ever paid out by the league, which distributed $132.5 million in 2008-09.
The number includes $109.5 million from football TV contracts, $26.5 million from bowl games and $14.5 million from the football championship game.
Lucrative long-term TV deals with ESPN and CBS went into effect during the most recent fiscal year.
The $209 million didn’t include $14.3 million kept by schools participating in bowls.