SEC Commissioner Greg Sankey continues to get compensated handsomely as probably the most highly effective individuals in faculty sports activities.
In keeping with Sportico’s Daniel Libit, the SEC’s complete income dropped from $853 million to $840 million throughout the 2024 fiscal yr. The convention paid $808.4 million to its 16 faculties, with new members Texas and Oklahoma every making much less ($27 million) than the others in its inaugural yr.
In the meantime, Sankey made $4.22 million in his ninth yr. His earnings elevated from $3.55 million in 2023.
After including Texas and Oklahoma, Sankey signed a contract extension via 2028 in July 2023. He reportedly made $3.7 million in 2022.
“Greg Sankey continues to guide the SEC successfully via these difficult instances for faculty athletics,” College of Georgia President Jere W. Morehead mentioned in a press release asserting Sankey’s extension. “Underneath his visionary stewardship and dedication to collaboration amongst our members, the SEC has emerged because the nation’s most secure and profitable athletic convention. [The] announcement displays our enthusiastic endorsement of Greg’s ongoing management of our convention to even better heights.”
Sportico famous that the SEC’s authorized charges jumped from $2.81 million to $4.33 million in 2024. Moreover, the convention’s lobbying bills skyrocketed from $81,039 to $1.29 million.
That large lobbying improve could possibly be tied to searching for federal NIL regulation. Sankey known as for Congressional oversight throughout a current interview on The Paul Finebaum Present.
“It is a time of huge change and massive complexity. And once we speak about having Congressional assist, it is not a plea,” Sankey mentioned (h/t 247Sports). “It’s an statement that Congress can set nationwide requirements for faculty sports activities but once more. We have to work via that, collectively, in a non-partisan manner to verify what’s uniquely particular about American faculty sports activities can proceed.”
The ultimate approval listening to for the Home v. NCAA settlement is scheduled for April 7. If permitted, faculties might begin instantly paying student-athletes.
Sankey’s 2024 fee is greater than any athlete has ever reportedly made in yearly NIL compensation. Experiences had Carson Beck receiving a record-setting $4 million to switch out of the SEC from Georgia to Miami, however The Athletic mentioned the quarterback will get a bit over $3 million from College of Miami collectives.
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