April 9th, 2014 11:09 AM║ Posted By: John Pennington ║ Permalink
║ Schools: Alabama, Arkansas, Auburn, Florida, Georgia, Kentucky, LSU, Mississippi State, Missouri, Ole Miss, South Carolina, Tennessee, Texas A&M, Vanderbilt
Tags: Big Ten, Mike Slive, SEC, Southeastern Conference
According to the SEC’s federal tax return for 2012, the conference saw its revenue grow by $41 million dollars in its first year as a 14-school league. USA Today requested the return which shows the SEC took in $314.5 million in 2012. Missouri and Texas A&M were welcomed into the Southeastern Conference in the summer of 2012.
Interestingly, the SEC showed an overall deficit for its fiscal year which ended on August 31st, 2013. While the league brought in $314.5 million, it spent $317.9 million. Most of that money went back to the member institutions in the form of annual payments. The league will hand out new checks next month during the SEC Meetings in Destin, Florida.
The SEC’s tax return also shows:
* Missouri and Texas A&M each made about $19.5 million in their first year in the SEC. The two schools made a little more than $12 million in their final year in the Big 12.
* Mike Slive’s base pay increased to nearly $1.2. His overall income was down from 2011 when he received more than half a million dollars in bonuses.
* Slive’s base salary in 2012 was less than what fellow commissioners John Swofford (ACC), Jim Delany (Big Ten) and Larry Scott (Pac-12) made in 2011.
The Southeastern Conference fell $1 million shy of the Big Ten’s revenue total ($315.5 million) from the previous year. When compared to all other conferences, the SEC and Big Ten are still dominant financially. For example, the ACC ranked third in revenue in 2011, making $223.3 million.
The SEC’s revenue will continue to rise over the next few seasons as the new playoff system will debut, new bowl partnerships will kick off and the SEC Network will launch.
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