The Southeastern Conference (SEC) became much wealthier in the first year of the College Football Playoff and SEC Netowkr, according to tax returns reported by USA Today.
According to the report, the SEC made a total of $527.4 million in revenue for a fiscal year that ended on August 31, 2015. The reported revenue is 60 percent greater than what was reported on August 31, 2014.
In addition to the conference revenue, it was revealed that former SEC commissioner Mike Slive made $3.6 million in base commission during his final year in the position before retiring in July of last year. The base commission reported was 75 percent higher than it was in 2013, and is triple of the reported 2012 income.
Each school in the conference will be getting about $31.2 million as per what the conference previously announced.
With the revenue now being even higher than ever — over half of what the NCAA reported as a whole for 2014 — one has to imagine that the school’s of the conference will be looking for even more funds from the conference. Hell, maybe some of those millions can go to all of the student athletes that make the executives wealthy in the first place?
Just a thought.
*Featured Photo (above) credit to USA TODAY Sports