GAINESVILLE, Fla. _ The rich get richer.
The SEC announced Friday it will distribute $43.1 million in revenue to each of its 14 schools school, up 5.4 percent from a year earlier.
Every dollar counts these days as the cost of business keeps going up.
At Florida, for example, head football coach Dan Mullen receives $6.1 million in annual compensation, up from $4.48 million paid his predecessor, Jim McElwain.
The Gators' athletic department also is involved in a number facility enhancements, totaling around $130 million.
The total includes $604.1 million distributed from the conference office, as well as $23.0 million retained by institutions that participated in 2017-18 football bowl games to offset travel and other related bowl expenses.
Other revenues sources include television contracts, bowl games, the College Football Playoff, the SEC football championship, SEC Men's basketball tournament and the NCAA Tournament.
"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," SEC Commissioner Greg Sankey said in a statement.
