The College Football Playoff (CFP) has reached a compromise regarding Southern Methodist University's (SMU) revenue distribution following their move to the Atlantic Coast Conference (ACC). CFP Executive Director Bill Hancock announced that the commissioners have recommended SMU receive an increased CFP share, rising from $1 million to up to $6 million. This adjustment is considered a 'fair accommodation' but is less than the full Power 5 (P5) amount typically allocated. The decision, which still requires approval by the CFP Board of Managers, is particularly beneficial for SMU as they will not be receiving ACC media revenue. Concurrently, the Southeastern Conference (SEC) reported significant revenue distributions, with an average of $51.3 million per school for the fiscal year 2022-23, totaling $741 million according to new tax records. This marks an increase from the previous year's $49.9 million per school. The SEC's revenue for the 2023 fiscal year was nearly $853 million, indicating a trajectory towards $1 billion to $1.1 billion in the 2024-25 fiscal year, influenced by a new football TV deal, the entry of OU and UT, and an expanded CFP.
SEC reported nearly $853 million in revenue in 2023 fiscal year, new tax records show https://t.co/Kt8Lb2yBBy
SEC schools will receive around $51M each in revenue distribution. I believe Texas is getting somewhere around $55M when you factor LHN. https://t.co/9fEOvBaSRn
SEC revenue distribution: $718 million for 2022-23 fiscal year; averaging $51.3 million per school
The Southeastern Conference announces it distributed $741 million to its 14 members for FY 2022-23.
News: SEC paid out an average of $51.3 million to its 14 members in 2022-23 for a total payout of $741 million. 💴 https://t.co/cbUcFZSxFr
News: SEC paid out an average of $52.3 million to its 14 members in 2022-23 for a total payout of $741 million. 💴 https://t.co/3D0TTEjlaf
Check out the SEC revenue distribution 💰 https://t.co/VfoqgGezVs
Inbox: In 2022-23, the SEC distributed $741M in revenue to schools--about $51M per school.
The average SEC revenue distribution from the 2023 fiscal year was about $49.9 million per school https://t.co/GnXxs7NxgZ
It's conference revenue distribution season. The SEC announces it distributed $51.3 million per school in 2022-23, up from 49.9 million in 2021-22.
Southeastern Conference had $853 million in revenue during its 2023 fiscal year, new tax records show. This appears to put conference on path to $1 billion to $1.1 billion in revenue during 2024-25, with new football TV deal, OU/UT entry and expanded CFP: https://t.co/NSSGTN2EIG
The SEC announces its average per-school payout in the 2022-23 fiscal year: $51.3 million.
SEC announces they distributed an average of $51.3 million per school last FY.
ICYMI from @CFBHeather ... the CFP came to an agreement on revenue distribution for SMU but it will be less than what other P5 schools get. Makes me wonder why the 4 new Big12 schools that came from G5 are getting a full share but not SMU?? https://t.co/0iArYc90PW
CFP agrees on SMU revenue distribution; less than full Power 5 allotment - via @ESPN App https://t.co/y6rLRFcqhV
SMU’s CFP share will go from $1M to somewhere up to $6M as a result of a compromise on their move to the ACC. Helpful since they’re going without ACC media revenue. https://t.co/BUhw74yjms
SMU’s CFP share will go from $1M to $6M as a result of being considered a “P5” with their move to the ACC. Helpful since they’re going without ACC media revenue. https://t.co/BUhw74yjms
The @CFBPlayoff meeting has wrapped in Dallas. CFP exec director Bill Hancock said they have reached a compromise on SMU’s revenue distribution. Commissioners made a recommendation to the board for SMU to receive “a fair accommodation” but not the full P5 amount.
New: Commissioners came to an agreement on the ACC receiving additional CFP revenue for SMU, Bill Hancock says. Doesn’t say the specific amount. Still needs to be approved by the Board of Managers (presidents).