South Carolina, and every other Southeastern Conference team, received $40 million from the league as part of its annual distribution for the 2017-2018 fiscal year.
The numbers were released by the SEC on Friday. The league divided a total of $627.1 million among its schools, $604.1 million from the conference office plus $23 million retained by schools from their bowl games.
“This distribution of revenue to the SEC’s member institutions represents a continued conference-wide commitment to support of our student-athletes in all areas of their college experience,” SEC commissioner Greg Sankey said. “This revenue is essential in providing outstanding support for all of the young people on our campuses through coaching, equipment, training, academic counseling, medical care and life-skills development.”
The league’s revenue tops last year’s mark of $596.9 million. The money comes chiefly from television agreements, post-season bowl games, the College Football Playoff, the SEC football championship game, the SEC men’s basketball tournament, NCAA Championships and a supplemental surplus distribution.
The total compensation for each SEC school, including the distribution of the $23 million in bowl money, was more than $43 million.