The Southeastern Conference released its fiscal 2016 federal tax returns yesterday and, yes, it does “mean more” to be a League member – a lot more. As USAToday put it:
The SEC is the first conference to release its tax records for the 2016 fiscal year, but its revenue distributions —– helped by the burgeoning SEC Network — may swamp those of even other Power Five conferences. In fiscal 2015, the Big Ten distributed about $32.4 million to each of its 11 longest-standing members. The other three power conferences distributed millions less per school.
For another point of comparison, consider that the SEC’s 2016 revenue was roughly two-thirds of the $952 million that the NCAA reported on its most recently available tax returm, which covered a period ending Aug. 31, 2015.Continue Reading