SEC commissioner Greg Sankey on Thursday announced revenue distribution of $741 million to the conference’s 14 universities for the 2022-23 fiscal year.

“SEC member universities are proud to support thousands of student-athletes who participate in broad-based athletics programs across the league,” a statement from Sankey read. “SEC universities are committed to providing a high-level experience for all of our participants through an impactful and life-changing college experience that includes world-class support in coaching, training, academic counseling, medical care, mental health support, nutrition, life-skills development and post-eligibility healthcare coverage for student-athletes.”

Here’s how the money breaks down:

• $718 million overall distributed from the SEC office
• Additional $23 million retained by individual schools, which participated in 2022-23 football bowl games.
• $51.3 million distributed to each school, excluding bowl expenses retained by participants.

The distribution amount is comprised of revenue generated from television agreements, post-season bowl games, the College Football Playoff, the SEC Football Championship Game, the SEC men’s basketball tournament, and NCAA championships.

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In the release, it is noted that the distribution does not include an additional $8.1 million of NCAA and SEC grants divided among the 14 member universities.

The revenue is an increase from the $721.8 million distributed in 2021-22. The average-per-school distribution increased from $49.9 million in 2021-22, not including bowl money retained by participants.