That's 22.4 million a school....


The SEC's federal tax return showed revenues of more than $314 million for the fiscal year 2012-2013 -- a record figure for the league and some $24 million than the conference itself projected last spring. But it's not quite enough to match the Big Ten ... yet.



http://www.cbssports.com/collegefootball...45-million

Keep in mind this is the conference, not the teams in it. The SEC went 0-0 last year, as every year.

2012-13 was the last year that the SEC schools received their T3 rights individually. Last year's T3 rights were purchased by the conference in preparation for the SECN. The conference has never reported the T3 earnings as those were at the sole discretion of the individual schools. It should also be noted that Vanderbilt's figures for T3 were never reported publicly to my knowledge. You can take the figures listed here and add T3 to them for 2012-13. Those amounts varied widely from just a little over 1 million for Mississippi State to over 11 million for Florida at the top end. You should be able to Google the public schools T3 figures if you want to look them up, and the figures I give are ball park, but you get the point.

I expect a higher average payout for this past year, but until the network is up and running they will have lower totals for Florida, Alabama, and the other schools that made 3 million or more on their T3. Again that is a ballpark estimate, but the schools agreed to it because their portion of the start up for the SECN is front-loaded for years 2014-5 and 2015-6 before full shares are paid.

(04-09-2014 12:08 PM)Attackcoog Wrote:  That's 22.4 million a school....


The SEC's federal tax return showed revenues of more than $314 million for the fiscal year 2012-2013 -- a record figure for the league and some $24 million than the conference itself projected last spring. But it's not quite enough to match the Big Ten ... yet.



http://www.cbssports.com/collegefootball...45-million

The SEC disclosed this publically months ago. Distributions averaged $20.7 million per school, with the range from $19.5 million for A&M, $19.6 million for Missouri to $21.3 for the top school in distributions, with the 12 older members all around $21 million.

(04-09-2014 02:17 PM)bullet Wrote:  

(04-09-2014 12:08 PM)Attackcoog Wrote:  That's 22.4 million a school....


The SEC's federal tax return showed revenues of more than $314 million for the fiscal year 2012-2013 -- a record figure for the league and some $24 million than the conference itself projected last spring. But it's not quite enough to match the Big Ten ... yet.



http://www.cbssports.com/collegefootball...45-million

The SEC disclosed this publically months ago. Distributions averaged $20.7 million per school, with the range from $19.5 million for A&M, $19.6 million for Missouri to $21.3 for the top school in distributions, with the 12 older members all around $21 million.

That's about right Bullet, I think he forgot to take the conference share out of his division. Then the T3 for that year has to be found in public records for each of the state schools. There is no T3 for this past year so while the distribution figures for T1&2 will be up overall the revenue received for last year and the next two years will be reduced from the T1, T2, and T3 levels of 2012-13. 2016-17 will be the first year that the SEC's total TV contract revenue should be reflected in the report and at its actual full per year value.

(04-09-2014 02:17 PM)bullet Wrote:  

(04-09-2014 12:08 PM)Attackcoog Wrote:  That's 22.4 million a school....


The SEC's federal tax return showed revenues of more than $314 million for the fiscal year 2012-2013 -- a record figure for the league and some $24 million than the conference itself projected last spring. But it's not quite enough to match the Big Ten ... yet.



http://www.cbssports.com/collegefootball...45-million

The SEC disclosed this publically months ago. Distributions averaged $20.7 million per school, with the range from $19.5 million for A&M, $19.6 million for Missouri to $21.3 for the top school in distributions, with the 12 older members all around $21 million.

actually you are talking about the 2013 distributions for the fiscal year 2012 as the article mentions

the 20.7 million was distributed in May 2013 at the 2013 annual meeting and it was for fiscal year 2012 which is from Sept. 1, 2011 to August 31, 2012

this article is discussing the money from fiscal year 2013 which is from Sept. 1. 2012 until August 31, 2013 and then is distributed in 2014 most likely in May (so pretty soon)

you are correct that it does not include an amount for running the conference being cut out, but it is not the money from the 20.7 million distribution in May 2013

also the article is poorly written in that it pretends that MU and A&M made a great deal more money (about 7 million more) last May over what they would have made in the Big 12 when the reality is the Big 12 had a major jump over the prior year for all their teams and when it was all said and done A&M and MU made a fair amount less than they would have made if they had stayed in the Big 12 and that is NOT because of them having to leave money with the Big 12

it is because they took a lesser share in the SEC, the Big 12 had a major jump in revenues because of a new tier 2 TV contract with Fox and the Big 12 was splitting it 10 ways not 14 (or partially 14)

so while A&M and MU did make 7 million more than the prior year in the big 12 all the teams left in the big 12 made even more than 7 million over the prior year and the long term Big 12 teams made even more than that because of the lesser shares of TCU and WVU

it will be a number of years before MU and A&M come close to breaking even on the move to the SEC from a conference payout point of view when you calculate in the money they had to leave, the lesser shares they take, the fact that the Big 10 splits money by 10 especially football playoff and Sugar Bowl money and the fact that the Big 12 is dealing with new TV contracts tier 2 that paid off last year and tier 1 that kicks in this year and when you look at what a 3rd tier network might have been worth for A&M and MU they might never financially break even in the SEC especially over the life of the current deals

Oh woe is is us! We clearly made a mistake and should have stayed in the mighty Big 12!

I mean sure, there's no more exit money and TCU and WVU won't get full shares of revenue for another 3 years but that's no reason to suspect those B12 numbers are bogus and will steadily decline over years!

I guarantee that 10 years from now we will look at both conferences revenues and feel SO stupid for not sticking with the mighty Big 12!

(04-09-2014 07:11 PM)10thMountain Wrote:  Oh woe is is us! We clearly made a mistake and should have stayed in the mighty Big 12!

Trust me, now that Johnny Football is gone you will wish you were in the Big 12 for different reasons.

Yeah, we've clearly failed to capitalize on recruiting, especially at QB

(04-09-2014 07:19 PM)10thMountain Wrote:  Yeah, we've clearly failed to capitalize on recruiting, especially at QB

If A&M wins 7 games this coming year I'll put an A&M logo in my sig for a year.

(04-09-2014 06:48 PM)TodgeRodge Wrote:  

(04-09-2014 02:17 PM)bullet Wrote:  

(04-09-2014 12:08 PM)Attackcoog Wrote:  That's 22.4 million a school....


The SEC's federal tax return showed revenues of more than $314 million for the fiscal year 2012-2013 -- a record figure for the league and some $24 million than the conference itself projected last spring. But it's not quite enough to match the Big Ten ... yet.



http://www.cbssports.com/collegefootball...45-million

The SEC disclosed this publically months ago. Distributions averaged $20.7 million per school, with the range from $19.5 million for A&M, $19.6 million for Missouri to $21.3 for the top school in distributions, with the 12 older members all around $21 million.

actually you are talking about the 2013 distributions for the fiscal year 2012 as the article mentions

the 20.7 million was distributed in May 2013 at the 2013 annual meeting and it was for fiscal year 2012 which is from Sept. 1, 2011 to August 31, 2012

this article is discussing the money from fiscal year 2013 which is from Sept. 1. 2012 until August 31, 2013 and then is distributed in 2014 most likely in May (so pretty soon)

you are correct that it does not include an amount for running the conference being cut out, but it is not the money from the 20.7 million distribution in May 2013

also the article is poorly written in that it pretends that MU and A&M made a great deal more money (about 7 million more) last May over what they would have made in the Big 12 when the reality is the Big 12 had a major jump over the prior year for all their teams and when it was all said and done A&M and MU made a fair amount less than they would have made if they had stayed in the Big 12 and that is NOT because of them having to leave money with the Big 12

it is because they took a lesser share in the SEC, the Big 12 had a major jump in revenues because of a new tier 2 TV contract with Fox and the Big 12 was splitting it 10 ways not 14 (or partially 14)

so while A&M and MU did make 7 million more than the prior year in the big 12 all the teams left in the big 12 made even more than 7 million over the prior year and the long term Big 12 teams made even more than that because of the lesser shares of TCU and WVU

it will be a number of years before MU and A&M come close to breaking even on the move to the SEC from a conference payout point of view when you calculate in the money they had to leave, the lesser shares they take, the fact that the Big 10 splits money by 10 especially football playoff and Sugar Bowl money and the fact that the Big 12 is dealing with new TV contracts tier 2 that paid off last year and tier 1 that kicks in this year and when you look at what a 3rd tier network might have been worth for A&M and MU they might never financially break even in the SEC especially over the life of the current deals

Typo "Big 10". I'm not sure if you are referring to the lesser share of Big 12 yearly profits they took because of departure or if you are referring to a lesser share of the SEC revenue. Because if it is the latter they received equal shares from Day 1 of conference membership. I do know that at least one of them borrowed to cover the amounts withheld by the Big 12 when they departed (or at least borrowed to cover a portion of what they left behind) but that does not reflect in their SEC earnings. Starting in the 2016-17 year they will receive a full and equal share of the SECN profits for the year as well. Even with conservative valuations it won't take them long to recover from leaving the Big 12. They may not make enough to cover what Texas will make T3 with the LHN, but they should at least be on par if not better than Oklahoma and Kansas, and will outpace the rest of the Big 12. But thanks for your concern. I'm sure that A&M an Missouri posters find it comforting that you care so much.

Thread book marked!

(04-09-2014 07:26 PM)CoogNellie Wrote:  

(04-09-2014 07:19 PM)10thMountain Wrote:  Yeah, we've clearly failed to capitalize on recruiting, especially at QB

If A&M wins 7 games this coming year I'll put an A&M logo in my sig for a year.

That was not too wise.

(04-09-2014 07:26 PM)JRsec Wrote:  

(04-09-2014 06:48 PM)TodgeRodge Wrote:  

(04-09-2014 02:17 PM)bullet Wrote:  

(04-09-2014 12:08 PM)Attackcoog Wrote:  That's 22.4 million a school....


The SEC's federal tax return showed revenues of more than $314 million for the fiscal year 2012-2013 -- a record figure for the league and some $24 million than the conference itself projected last spring. But it's not quite enough to match the Big Ten ... yet.



http://www.cbssports.com/collegefootball...45-million

The SEC disclosed this publically months ago. Distributions averaged $20.7 million per school, with the range from $19.5 million for A&M, $19.6 million for Missouri to $21.3 for the top school in distributions, with the 12 older members all around $21 million.

actually you are talking about the 2013 distributions for the fiscal year 2012 as the article mentions

the 20.7 million was distributed in May 2013 at the 2013 annual meeting and it was for fiscal year 2012 which is from Sept. 1, 2011 to August 31, 2012

this article is discussing the money from fiscal year 2013 which is from Sept. 1. 2012 until August 31, 2013 and then is distributed in 2014 most likely in May (so pretty soon)

you are correct that it does not include an amount for running the conference being cut out, but it is not the money from the 20.7 million distribution in May 2013

also the article is poorly written in that it pretends that MU and A&M made a great deal more money (about 7 million more) last May over what they would have made in the Big 12 when the reality is the Big 12 had a major jump over the prior year for all their teams and when it was all said and done A&M and MU made a fair amount less than they would have made if they had stayed in the Big 12 and that is NOT because of them having to leave money with the Big 12

it is because they took a lesser share in the SEC, the Big 12 had a major jump in revenues because of a new tier 2 TV contract with Fox and the Big 12 was splitting it 10 ways not 14 (or partially 14)

so while A&M and MU did make 7 million more than the prior year in the big 12 all the teams left in the big 12 made even more than 7 million over the prior year and the long term Big 12 teams made even more than that because of the lesser shares of TCU and WVU

it will be a number of years before MU and A&M come close to breaking even on the move to the SEC from a conference payout point of view when you calculate in the money they had to leave, the lesser shares they take, the fact that the Big 10 splits money by 10 especially football playoff and Sugar Bowl money and the fact that the Big 12 is dealing with new TV contracts tier 2 that paid off last year and tier 1 that kicks in this year and when you look at what a 3rd tier network might have been worth for A&M and MU they might never financially break even in the SEC especially over the life of the current deals

Typo "Big 10". I'm not sure if you are referring to the lesser share of Big 12 yearly profits they took because of departure or if you are referring to a lesser share of the SEC revenue. Because if it is the latter they received equal shares from Day 1 of conference membership. I do know that at least one of them borrowed to cover the amounts withheld by the Big 12 when they departed (or at least borrowed to cover a portion of what they left behind) but that does not reflect in their SEC earnings. Starting in the 2016-17 year they will receive a full and equal share of the SECN profits for the year as well. Even with conservative valuations it won't take them long to recover from leaving the Big 12. They may not make enough to cover what Texas will make T3 with the LHN, but they should at least be on par if not better than Oklahoma and Kansas, and will outpace the rest of the Big 12. But thanks for your concern. I'm sure that A&M an Missouri posters find it comforting that you care so much.

They didn't quite get full shares. In the press release they said MU and A&M got lesser amounts because of revenues earned in "prior years." I'm guessing they are getting reduced shares of NCAA basketball credits earned in prior years.

Technicality.

When do WVU and TCU get their full shares? 2017 or 2018?

(04-09-2014 07:36 PM)10thMountain Wrote:  Technicality.

When do WVU and TCU get their full shares? 2017 or 2018?

2015-2016 academic year.

Good for y'all! Did they ever say why you didn't get a full share to start with? I mean the horns are bragging on how flush with cash the Big 12 is so it seems odd they would have any reason NOT to give you and WVU your money immeadietly.

(04-09-2014 07:34 PM)bullet Wrote:  

(04-09-2014 07:26 PM)JRsec Wrote:  

(04-09-2014 06:48 PM)TodgeRodge Wrote:  

(04-09-2014 02:17 PM)bullet Wrote:  

(04-09-2014 12:08 PM)Attackcoog Wrote:  That's 22.4 million a school....


The SEC's federal tax return showed revenues of more than $314 million for the fiscal year 2012-2013 -- a record figure for the league and some $24 million than the conference itself projected last spring. But it's not quite enough to match the Big Ten ... yet.



http://www.cbssports.com/collegefootball...45-million

The SEC disclosed this publically months ago. Distributions averaged $20.7 million per school, with the range from $19.5 million for A&M, $19.6 million for Missouri to $21.3 for the top school in distributions, with the 12 older members all around $21 million.

actually you are talking about the 2013 distributions for the fiscal year 2012 as the article mentions

the 20.7 million was distributed in May 2013 at the 2013 annual meeting and it was for fiscal year 2012 which is from Sept. 1, 2011 to August 31, 2012

this article is discussing the money from fiscal year 2013 which is from Sept. 1. 2012 until August 31, 2013 and then is distributed in 2014 most likely in May (so pretty soon)

you are correct that it does not include an amount for running the conference being cut out, but it is not the money from the 20.7 million distribution in May 2013

also the article is poorly written in that it pretends that MU and A&M made a great deal more money (about 7 million more) last May over what they would have made in the Big 12 when the reality is the Big 12 had a major jump over the prior year for all their teams and when it was all said and done A&M and MU made a fair amount less than they would have made if they had stayed in the Big 12 and that is NOT because of them having to leave money with the Big 12

it is because they took a lesser share in the SEC, the Big 12 had a major jump in revenues because of a new tier 2 TV contract with Fox and the Big 12 was splitting it 10 ways not 14 (or partially 14)

so while A&M and MU did make 7 million more than the prior year in the big 12 all the teams left in the big 12 made even more than 7 million over the prior year and the long term Big 12 teams made even more than that because of the lesser shares of TCU and WVU

it will be a number of years before MU and A&M come close to breaking even on the move to the SEC from a conference payout point of view when you calculate in the money they had to leave, the lesser shares they take, the fact that the Big 10 splits money by 10 especially football playoff and Sugar Bowl money and the fact that the Big 12 is dealing with new TV contracts tier 2 that paid off last year and tier 1 that kicks in this year and when you look at what a 3rd tier network might have been worth for A&M and MU they might never financially break even in the SEC especially over the life of the current deals

Typo "Big 10". I'm not sure if you are referring to the lesser share of Big 12 yearly profits they took because of departure or if you are referring to a lesser share of the SEC revenue. Because if it is the latter they received equal shares from Day 1 of conference membership. I do know that at least one of them borrowed to cover the amounts withheld by the Big 12 when they departed (or at least borrowed to cover a portion of what they left behind) but that does not reflect in their SEC earnings. Starting in the 2016-17 year they will receive a full and equal share of the SECN profits for the year as well. Even with conservative valuations it won't take them long to recover from leaving the Big 12. They may not make enough to cover what Texas will make T3 with the LHN, but they should at least be on par if not better than Oklahoma and Kansas, and will outpace the rest of the Big 12. But thanks for your concern. I'm sure that A&M an Missouri posters find it comforting that you care so much.

They didn't quite get full shares. In the press release they said MU and A&M got lesser amounts because of revenues earned in "prior years." I'm guessing they are getting reduced shares of NCAA basketball credits earned in prior years.

I had thought it was basketball credits and the amounts seemed about right for the difference but since I hadn't seen it in writing I wasn't going to say that until I verified it but I think that's right too.

B12ers are a sensitive lot these days!

Someone makes a post that has nothing to do with them and doesn't mention them and they still swoop in to try and defend the honor of their conference and expound on what a mistake it was for anyone to leave them!

(04-09-2014 07:49 PM)10thMountain Wrote:  Good for y'all! Did they ever say why you didn't get a full share to start with? I mean the horns are bragging on how flush with cash the Big 12 is so it seems odd they would have any reason NOT to give you and WVU your money immeadietly.

I guess it's the price of admission. There are also basketball credits that are to be paid in future years earned before we got there. Some conferences have dollar amount buy-ins, the Big 12 has this system. Who are we to complain?