(WBIR-Knoxville) It's good to be in the SEC.
The Southeastern Conference announced Friday it will distribute approximately $289.4 million to its 14 schools through the revenue sharing plan for the 2012-13 fiscal year, which ends Aug. 31.
That's the highest total ever distributed in SEC history.
The revenue sharing plans include money generated by football television, bowls, the SEC Football Championship, basketball television, the SEC Men's Basketball Tournament, NCAA Championships and supplemental distribution.
The average amount to be distributed to each school is $20.7 million. The SEC did not release the individual amounts each school would pocket, so we don't know exactly how much will be coming Tennessee's way.
Not included in the $289.4 million was $14.1 million retained by the institutions participating in bowls and $980,000 divided among all 14 institutions by the NCAA for academic enhancement.
Revenues derived by the institutions from its local media packages are not included in the total amount.