Last June, the SEC office estimated that each school would receive $18.3 million in payouts from the Southeastern Conference in fiscal year 2010-11. Well, they were wrong. According to IRS filings, SEC institutions averaged $19.5 million in payouts, more than a million bucks per school better than expected.
Jon Solomon of The Birmingham News has more cash data here.
For those wondering, SEC schools averaged about $13 million in revenue prior to the league’s barrier-busting television contracts with ESPN and CBS.