SEC revenue up to $314.5M, conference commissioner Mike Slive's pay up to $1.2M
The SEC is up $41 million in revenue from last fiscal year to $314.5 million, while SEC commissioner Mike Slive's base pay went up by $230,000 to bring it to $1.2 million, according to the conference's latest tax return. The tax return was turned over after a request by USA Today.
Slive's base pay is less than ACC commissioner John Swofford, who makes more than $1.6 million, as well as Pac-12 commissioner Larry Scott, (almost $3.1 million in total pay) and Big Ten commissioner Jim Delany (base pay above $1.3 million with $2.8 million total). The SEC reported a loss in 2013 of $3.4 million, as its reported expenses were $317.9 million.
As with any conference, nearly all of the SEC's expenses came in the form of distributions to the schools – and the distributions to Missouri and Texas A&M showed why they departed the Big 12 Conference.
Those two schools each received about $19.5 million in their first cuts of the SEC's primary pool of shared revenue, a dramatic increase in the amounts they received from their last full shares of the Big 12's primary revenue pool in 2010-11. The SEC's other 12 schools received around $21 million apiece from the main revenue pool in 2012-13, increases ranging from about $400,000 to $1 million per school from 2011-12. The SEC outlined its basic per-school revenue distribution for 2012-13 in a news release last May.
The SEC Network launches on Aug. 14. The college football season begins the last week of August. STAPLES: Florida's offense embracing philosophical shift