The Southeastern Conference will distribute a record amount of $289.4 million in shared revenue to the league’s 14 league schools for the 2012-13 fiscal year ending in August, commissioner Mike Slive announced Friday.
The average amount to be distributed to the 14 schools is $20.7 million; the SEC distributed $20.1 million to 12 schools last financial year.
Missouri, which joined the SEC last July, will receive its first full share as a conference member. MU only received $1.4 million in its last year in the Big 12 as a penalty for leaving the conference without advance notice.
Shared SEC revenue is expected to skyrocket after the 2013-14 season. The launch of the SEC Network is expected to bring an additional $17 million annually per school on average through the life of a 20-year contract with ESPN.
Not included in the $289.4 million was $14.1 million retained by SEC schools participating in bowls and $980,000 divided among all 14 schools by the NCAA for academic enhancement. Revenues from school’s local media packages also are not included in the $20.7 million distributed to each university.