The SEC was the most profitable (I know, I know) conference in the country during the last fiscal year.
Conference Avg. Revenue Avg. Expenses Avg. Profit/Loss SEC $122,517,029 $105,609,195 $16,907,834 Big Ten $108,498,429 $106,604,255 $1,894,174 Big 12 $103,336,579 $98,491,826 $4,844,753 ACC $90,416,823 $87,753,344 $2,663,479 Pac-12 $81,255,208 $82,774,493 ($1,519,285)
As Berkes notes, “(t)he SEC makes an average of about $14 million more in revenue than its closest peer and $12 million more in average profit after expenses.”
And you’ll be proud to know that Georgia is doing its share to prop up those profit numbers. Despite being 15th in the country in revenue, the school’s athletic department managed to finish as the third most profitable enterprise in D-1, because of its 25th-highest ranking in expenses. Considering that Texas A&M’s numbers are a one-off based on its successful program for stadium improvements, that really means there was only one program that kept more money for itself: Florida.
You can say the apple didn’t fall far from the tree, if you like, but before I start making analogies like that, it sure would be nice if McGarity was getting the same results in the Director’s Cup that his mentor is. As it is, Florida’s getting bang for the buck and Georgia’s getting… buck.
And, again, nice to see a $3,212,769 subsidy to help prop that profit up. Thanks, kids!