SEC helps member schools due to financial loss from COVID-19

BIRMINGHAM, Ala. (AP) – The Southeastern Conference has given its 14 member
schools $23 million each to help offset the financial impact of COVID-19 on
their athletic programs.The league announced the supplemental revenue
distribution on Wednesday. The SEC said it plans to use future conference
revenues from increased media rights fees to pay for the one-time supplement to
the 2020-21 fiscal year payouts. SEC members averaged some $45 million in
revenue shortfalls because of the pandemic, the league said.The SEC said it will
begin allocating a portion of those media rights fees starting in 2025 to pay
for the supplemental distributions.

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