The SEC announced Friday at the Spring Meetings that the league doled out a record $220 million greenbacks to the twelve Southeastern Conference schools; money generated from the 2010-2011 football and basketball seasons. Here's a breakdown of where the money came from -- $113 million from the football television contract; $31.3 million from bowl games; $31.1 million from the basketball television contract; $24.3 million from NCAA Championships; $15.3 million from the SEC football championship game; $5.0 million from the men's basketball tournament. Each school received an average of $18.3 million ... brother, can you spare a dime!
The $220 million represents a 5.3% increase in revenue from last year's $209 million bounty distribution.
In other news, as expected, the league approved banishing the two-division format in basketball, now making the SEC one twelve division league. The upcoming round-ball season will consist of a 16-game SEC slate, but in 2012 the number of conference games will increase, most likely to an unbalanced 18 games. Also approved at the meetings was a reduction -- from 28 to 25 -- in how many football scholarships can be granted each season.