The College Football Playoff and the SEC Network proved to be a major financial boon to the Southeastern Conference.
The SEC reported a 62 percent increase in revenue to $527.4 million in 2014-15 after the inaugural year of the CFP and the SEC Network.
Former SEC commissioner Mike Slive, who retired in July, made approximately $3.6 million in base compensation during his final year — an increase form $2.1 million the previous academic year, according to tax records obtained by CBS Sports.
Each of the 14 SEC schools received an average of $32.7 million as part of $457.8 million distributed by the conference, up from $21 million per school in 2013-14 and $13.1 million in 2008.
The tax records showed that conference TV/radio rights fees were worth $311.8 million, a significant jump from $210.4 million in 2013-14. Postseason revenue was $162.8 million in 2014-15 compared with $98.6 million in 2013-14.
The SEC completed the 2015 fiscal year with a $17.2 million annual revenue surplus, the largest figure since it ended 2008 with a $7.6 million surplus.