SEC will distribute over $289 million to 14 league institutions - NBC12 - WWBT - Richmond, VA News On Your Side

SEC will distribute over $289 million to 14 league institutions

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The Southeastern Conference will distribute approximately $289.4 million to the 14 league institutions in the revenue sharing plan for the 2012-13 fiscal year, which ends Aug. 31, 2013, according to league commissioner Mike Slive.

The $289.4 million is the highest total ever distributed in SEC history.

The revenue sharing plans include money generated by football television, bowls, the SEC Football Championship, basketball television, the SEC Men's Basketball Tournament, NCAA Championships and supplemental distribution.        

The average amount to be distributed to each school is $20.7 million.   

Not included in the $289.4 million was $14.1 million retained by the institutions participating in bowls and $980,000 divided among all 14 institutions by the NCAA for academic enhancement.

Revenues derived by the institutions from its local media packages are not included in the total amount.

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