Greg Sankey's salary revealed in SEC's 2024 tax return

SEC commissioner Greg Sankey‘s salary has been revealed within the conference’s 2024 tax return, obtained by Sportico. He earned $4.22 million during the fiscal year, which covers Sept. 1, 2023 through Aug. 31, 2024.

It was the first complete fiscal year since Sankey’s contract extension was signed in July 2023. Moreover, his compensation is up from $3.55 million in 2023.

This comes as the tax document reveals that the SEC earned $840 million in total revenue for FY24. This is a drop from the $853 million the company earned the previous year.

The SEC paid out $808.4 million to the 16 teams under its banner, which averaged out to $52.5 million. However, that does not include what the conference distributed to its two newest teams, Texas and Oklahoma. They both received $27.5 million from the conference.

The loss in revenue, according to Sportico, is due to the conference not receiving money from the Sugar Bowl as a part of its arrangement with the College Football Playoff. The report also noted that the latest return does not feature the $3 billion, 10-year deal they have with Disney which began at the beginning of the 2024 college football season. That will likely be provided in next year’s return.

During the fiscal year, SEC athletics earned honors in multiple different sports. Alabama appeared in the national semifinal in both football and men’s basketball, as well as South Carolina going undefeated and winning the national championship in women’s basketball. Tennessee baseball won the College World Series, among numerous other accolades across Division I college althetics.

Greg Sankey calls out College Football Playoff issue, advocates for ‘tough to achieve’ change

The first-ever 12-team College Football Playoff is in the books, and suggestions on how to improve the model moving forward have been discussed at length by fans, coaches, and commissioners alike, including the SEC’s Greg Sankey.

Joining the Paul Finebaum Show on Wednesday, Sankey believes some adjustments should be made to the format in the future. To Sankey, the NCAA now has an understanding of what the 12-team playoff model looks like in a reorganized set of conferences. He specifically pointed to one issue that he hopes to help resolve shortly.

“The seeding issues, particularly moving teams into the Top 4, need to be looked at deeply. Now, any decisions for the coming year require unanimous agreement among the participants, so the 10 conferences, and then Notre Dame as an independent. That’s really tough to achieve.

“We saw that in just trying to expand. We need to have those conversations. I think we need to look at what happened round to round and how we make some of the experiences consistent as you move from round to round.”