By The Associated Press
The SEC announced Friday at the SEC spring meetings in Destin that the league will distribute approximately $220 million to the 12 league schools in the revenue sharing plan from the 2010-11 fiscal year.
It is the highest total ever distributed in SEC history and represents a 5.3 percent increase from the $209 million distributed to the schools in 2009-2010.
The revenue sharing plans include money generated by football television, bowls, the SEC Football Championship, basketball television, the SEC Men’s Basketball Tournament and NCAA Championships.
The payout this year was derived from $113.0 million from football television, $31.3 million from bowls, $15.3 million from the SEC Football Championship, $31.1 million from basketball television, $5.0 million from the SEC Men’s Basketball Tournament and $24.3 million from NCAA Championships.The average amount distributed to each school was $18.3 million.
Not included in the $220 million was $14.2 million retained by the institutions participating in bowls and $780,000 divided among all 12 institutions by the NCAA for academic enhancement.