The Longhorns and Sooners each received $27.5 million.
The release of the SEC’s revenue distribution for the 2023-24 fiscal year that ended on Aug. 31, 2024 on Thursday put the finances of the college sports behemoth into perspective — the conference distributed $808.4 million to its 16 member institutions.
“The SEC’s annual distribution of revenue helps member universities maintain strong athletics programs while supporting the academic and athletic ambitions of thousands of student-athletes across the conference,” Commissioner Greg Sankey said.
“As the entire college athletics enterprise works through significant change, SEC universities are uniquely positioned to provide new financial benefits for student-athletes while continuing to deliver transformative, life-changing college experiences,” Sankey said. “Beyond providing an exceptional, debt-free education, this experience includes world-class support in coaching, training, academic counseling, medical care, mental health support, nutrition, life-skills development and post-eligibility healthcare coverage for SEC student-athletes.”
For the 14 full year participants, the distributed revenue averaged $52.5 million, a slight increase from the previous year, with Texas and Oklahoma each receiving $27.5 million in transition payments and refundable application fees.
The overall conference revenue distributed was up roughly $50 million from 2022-23.