This $ 639 million dollars for The SEC for the fiscal year ending August 31 of 2016 marks a 21 % increase over 2015 fiscal year for The SEC and will CONTINUE through the fiscal year ending August 31 of 2024 by contract.
This is such an astronomical number that dwarfs all other even Power 5 Conferences.
The SEC is the first to file their IRS Income Tax Return for 2016.
Big 12 reported revenue sharing for fiscal year ending August 31 of 2015 of $23.4 million per member.
Pac-12 reported revenue sharing fiscal year end August 31 of 2015 of only $ 25.1 million per member.
ACC reported revenue share 2015 of $ 25.8 million per school average but Notre Dame only $ 6.2 million.
Big 10 reported revenue sharing for fiscal year ending August 31 of 2015 of $ 32.4 million per school.
The SEC just reported 2016 SEC Revenue-Sharing at $ 40.5 million average per member institution.
So large is the discrepancy between member schools as to boggle the mind and the number simply grows more in disparity each season.
University of Georgia annual sports’ revenues include not only the largest pay-out in history by ANY conference EVER to ANY member institution of $ 41.9 million from The SEC for the fiscal year ending August 31 of 2016 but also includes many other revenue streams such as our new marketing deal in some of our sports ticket revenue fees charged to the students interest income because we SIT ON CASH monies paid by us to be able to buy seasons’ tickets in football monies paid to us by bowl games in addition to those distributed by The SEC itself to us and donations/fees we pay to be able to buy seasons’ tickets.
The SEC is sharing revenue for fiscal year ending August 31 of 2016 of $ 567 million retaining $72 million in FEES to the 14 member institutions. This is a charge per school by The SEC of $ 5 million dollars per school. For this at least The SEC is the first to report to the IRS with their income.
The SEC is also the first to report our UGA income from The SEC for the fiscal year ending August 31 of 2016 of $ 41.9 million. This is the largest EVER paid by ANY Conference EVER to ANY school of $ 41.9 million dollars which we can get interest on as well since we don’t spend what we make but annually do pony-up instead PAYMENTS to The University of Georgia of MILLIONS upon MILLIONS of what it terms DONATIONS.
I firmly believe that our INCOME from SPORTS should be INVESTED in sports to insure the long-term viability of our vibrant sports’ programs such as BUILDING us a NEW GYM instead.
The total sports’ revenue for UGA is $ 150 million 2016 fiscal year of which The SEC payments are one-third the total we get. The total includes local media packages, the TV rights with multiple Network agreements The SEC has hammered-out, the NCAA payments of about a million per school slated for Academic Enhancements, post-season bowl games, The SEC Championship Game, College Football Play-Off Revenue, NCAA Championships’ Revenue, March Madness Revenue, The SEC Basketball Tournament Revenue, the amounts retained by each SEC member school in Bowl Games’ Revenue, and the supplemental surplus distribution to name but a few of our revenue streams. Georgia gets each year from its student fees as a Subsidy to our annual Revenue $3,200,000 per year which some schools do not collect as well. And Georgia makes Interest Income as we sit on cash others freely INVEST in their sports such as in new gyms we don’t have. Tickets and donations/fees we pay to buy seasons’ tickets and the new marketing agreement revenue for some of our sports make up the majority of the balance of approximately $ 100 million for fiscal year ending August 31 of 2016 upon which the payment received from The SEC of $ 41.9 million dollars The SEC has now revenue shared with Georgia 2016 fiscal year is added for the total revenue in our sports’ programs of $ 150 million.
While ALL the other schools have built new gyms, Greg McGarity SITS on this cash per his directive from Mike Adam$ who HIRED him to do JUST THAT.
Where our problem REMAINS is plain for all to see.
This CONFIRMATION of The SEC Revenue-Sharing for fiscal year ending August 31 of 2016 is EXACTLY and PRECISELY what I told you one year ago today it would be today.
This is WHY I demanded a NEW GYM from Greg McGarity a year ago today and got feet-dragging instead.
SEC Revenue-Sharing 2017 :
The SEC itself has NOTHING about this Revenue-Sharing on its own WebPages http://www.secsports.com/ .