In December 2020, the SEC made a new football and men’s basketball television deal with ESPN that will begin with the 2024-25 school year.
#SOUTHEASTERN CONFERENCE SCHOOLS TV#
Nearly all of the SEC’s revenue increase came in TV and radio rights fees, which rose to $588 million in 2021, from $497 million in 2020. The Big Ten delayed the start of its 2020 football season and its schools ended up staging fewer football games than SEC schools did. Also, Big Ten television revenue likely was impacted by football game cancelations. The Big Ten deducted $55.8 million from its distribution for COVID testing, according to the documents. But, according to documents obtained in January by and the USA Today Network New Jersey, the Big Ten Conference distributed $157 million less to its members in fiscal 2021 than it did the previous year.
The SEC is the first of the Power Five conferences to release its tax records for fiscal 2021. The SEC's revenue in fiscal 2020 was nearly identical to revenue in 2019, and Vincent said in the email that the jump in 2021 was generally attributable the SEC feeling the greatest impact from the pandemic in fiscal 2020, "versus a limited impact in 2020-21." SEC spokesman Herb Vincent said in an email that Regions also is involved in the loan. The advance money came from a loan to the SEC that, according to the new document, was for $350 million from Truist. In addition, the SEC provided each of its schools with a $23.3 million advance on future conference distributions in fiscal 2021 as school athletics departments struggled through game cancellations and attendance restrictions that affected numerous income streams. The resulting distributions to its 14 member schools averaged about $54.6 million per school, an increase of just over $9 million per school compared to the distributions the conference reported for its 2020 fiscal year. The document - provided by the conference on Thursday in response to a request from USA TODAY Sports - shows the SEC with total revenue of just over $833 million. 31, 2021, the conference’s new federal tax records show. While most sports-industry revenues substantially fell in late 2020 and early 2021 due to the COVID-19 pandemic, the Southeastern Conference increased its annual revenue by $105 million during a year ending Aug.
0 kommentar(er)
