[Sign up for Inside Texas for just $1! Get the latest on Texas recruiting and all things Longhorns HERE]<\/a><\/strong><\/p>\n\u201cThe SEC\u2019s annual revenue sharing allows member universities to support elite athletics programs, including sustained and meaningful investment in women\u2019s and Olympic sports that enhances opportunities and strengthens resources, while advancing the academic and athletic aspirations of thousands of student-athletes,\u201d SEC commissioner Greg Sankey said. \u201cAs college athletics continues to undergo significant change, SEC universities are well positioned to deliver new financial benefits for student-athletes while continuing to offer a transformative, life-changing college experience, including debt-free education and comprehensive support in coaching, training, academics, healthcare, mental wellness, nutrition, life skills, and post-eligibility medical coverage.\u201d<\/p>\n
The average take home total for the 14 members of the SEC that received a full share was a whopping $72.4 million, dwarfing the 2023-24 average of $53.8 million. <\/p>\n
But Texas, as part of its agreement to join the league in July of 2024, didn\u2019t get that full share and received $12.1 million.<\/p>\n
\u201cOur first year in the SEC, we knew something that was different,\u2019 Texas athletics director Chris Del Conte said Wednesday. \u201cWe were not going to receive TV money. Does that make sense? Our first year, because we entered a year early, we were not going to receive TV dollars.\u201d<\/p>\n
Texas and Oklahoma were originally set to leave the Big 12 and join the SEC in July of 2025 but both schools negotiated an early exit from the league. Oklahoma received a $2.6 million distribution, per the SEC.<\/p>\n
According to the league, the total for the 14 schools receiving a full revenue share is comprised of revenue generated from television agreements, post-season bowl games, the College Football Playoff, the SEC Football Championship Game, the SEC Men\u2019s Basketball Tournament, and NCAA Championships.<\/p>\n
Texas is scheduled to receive a full payout for the 2025-26 fiscal year, Del Conte said Wednesday. <\/p>\n
The small comparative share was part of the reason why the Longhorns athletic department had a $26.7 million net loss in FY2024-25, per the school. According to Del Conte, Texas had $352.5 million in revenue and $379.3 million in expenses. <\/p>\n
\u201cWe planned for this budget,\u201d Del Conte said. \u201cI went to the chairman of the board and our president and said we\u2019re not going to have television money our first year. We\u2019re going to have to deal with that. We knew that. We were going to be out about $47 million. We planned for a $47 million problem.\u201d<\/p>\n
Turns out, the problem wasn\u2019t a $47 million loss. Just $26.7 million.<\/p>\n
\u201cGood work on (Texas deputy athletics director) Shawn Eichorst, (chief financial officer) Rob Novak, and our budget office, who did an amazing job,\u201d Del Conte said. \u201cInstead of losing $43 million, we came down to $26.7 (million), but we knew that and we planned for that.\u201d<\/p>\n
As usual, Texas athletics operated without any support from the university at large. <\/p>\n
\u201cNot one dime comes from the institution,\u201d Del Conte said. <\/p>\n
It wasn\u2019t easy to make everything work in the era of House settlement revenue sharing and with new scholarships, but Del Conte and company were able to get it done the year before full SEC payoffs kick in. <\/p>\n
\u201cThat\u2019s the one year gap,\u201d Del Conte said. \u201cWhen you go back to the budget, we didn\u2019t get that this year. Imagine me telling you that you\u2019re going to leave early, you\u2019re going to add $30 million to your budget in NIL and scholarships, and, by the way, you\u2019re not getting $47 million for your television distributions.<\/p>\n
\u201cWould you have added scholarships and did NIL? Probably not. I went back and said if we do this correctly, I can minimize our damage because we have enough in our reserve to cover that and do everything we need to do: leave early, win eight conference championships, go to the CFP, win the Directors\u2019 Cup, give $10 million in scholarships and do $20.5 (million in revenue sharing), knowing the following year we\u2019d get the money.\u201d<\/p>\n
With SEC distributions rising from $741 million in 2022-23 to $808.4 million in 2023-24 to $1.03 billion in 2024-25, Texas could see a massive rise from what it was making as a member of the Big 12. According to reports<\/a>, Texas brought in $42.05 million from the Big 12 in FY2023-24.<\/p>\nBut for now, it will have to settle for $12.1 million from the league and look forward to what could approach a share of $1.4 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"The Southeastern Conference announced Thursday that the league\u2019s revenue distribution to its members for the 2024-25 fiscal year…\n","protected":false},"author":3,"featured_media":569596,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[1318,1317,1315,1316,1718,62,67,132,68],"class_list":{"0":"post-569595","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ncaa-football","8":"tag-football","9":"tag-ncaa","10":"tag-ncaa-football","11":"tag-ncaafootball","12":"tag-regwall","13":"tag-sports","14":"tag-united-states","15":"tag-unitedstates","16":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116021593789772514","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/569595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=569595"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/569595\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/569596"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=569595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=569595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=569595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}