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The Southeastern Conference will distribute approximately $289.4 million among its 14 league members in the revenue sharing plan for the 2012-13 fiscal year, which ends Aug. 31, league commissioner Mike Slive announced Friday.
This is the highest total ever distributed in SEC history.
The revenue sharing plan includes money generated by football television, bowl games, the SEC championship in football, basketball television, the SEC men's basketball tournament, NCAA championships and supplemental distribution.
Each school will receive approximately $20.7 million in revenue distribution.
The $14.1 million retained by the schools participating in bowls and the $980,000 divided among all of the league's schools by the NCAA for academic enhancement isn't included in the $289.4 million that will be distributed. Neither is revenue gained by schools from local media packages.
Last year, the SEC distributed $244 million among its schools and $219.9 million during the 2010-11 fiscal year.
In 1980, he SEC distributed just $4.1 million among its members and didn't reach $100 million until 2003 ($101.9 million).