ATHENS — The SEC announced $808.4 million will be distributed to the league’s 16 university for the 2023-24 fiscal year, which ended last Aug. 31.

The 14 schools that had been in the league for a full year — Texas and Oklahoma, excluded — received an average distribution of $52.5 million (excluding bowl expenses).

The Longhorns and Sooners, formerly of the Big 12, didn’t officially join the SEC until July 1.

Oklahoma and Texas each received $27.5 million that came from the SEC’s previous fiscal year, via a combination of a transition payment from the league’s television agreement and the schools’ application fees.

The SEC will have a bigger distribution next year from the new 10-year deal with ESPN/ABC — worth $3 million, according to the New York Times — which began this past football season.

SEC commissioner Greg Sankey shared the importance of the revenue distribution to member schools.

“The SEC’s annual distribution of revenue helps member universities maintain strong athletics programs while supporting the academic and athletic ambitions of thousands of student-athletes across the conference,” Sankey said in the league release issued on Thursday.

“As the entire college athletics enterprise works through significant change, SEC universities are uniquely positioned to provide new financial benefits for student-athletes while continuing to deliver transformative, life-changing college experiences,” Sankey said.

“Beyond providing an exceptional, debt-free education, this experience includes world-class support in coaching, training, academic counseling, medical care, mental health support, nutrition, life-skills development and post-eligibility healthcare coverage for SEC student-athletes.”

The Big Ten, Big 12 and ACC typically release their distribution numbers in May.

Last year, the Big Ten distributed $60.5 million to 12 of its then-14 members, with the 2014 league additions Rutgers and Maryland getting approximately $58.8 million each, per FoxSports.com.

The Big Ten is in the midst of a seven-year media right deal with Fox, CBS and NBC that will reportedly net more than $7 billion to the recently expanded 18-team conference.

The ACC recently extended its media rights deal with ESPN, per Sportico, that will run through 2036.

The ACC distributed an average payout of $44.8 million to its then-14 programs last year, but has since added former Pac-12 members Cal and Stanford, along with former American Athletic Conference member SMU.

The Big 12, which distributed a conference-record $470 million last year, per ESPN, added a new six-year deal that begins next fall for 13 football games to be shown on TNT and TBS, according to a November Yahoo Sports report.

The new deal runs concurrent to the Big 12′s new television contract with ESPN and Fox, worth more than $2 billion through 2030-31, per a SportCal.com report in July of 2023.

The Big 12 distributed about $39.8 million to the school’s that had been in the league a full year, with 2023 first-year members BYU, Cincinnati, Houston and UCF receiving about $18 million each, per an ESPN report.

The Big 12 added four more members last season in the form of former Pac-12 members Arizona, Arizona State, Colorado and Utah as Texas and Oklahoma exited the league.

The new Big 12 deal with TNT and TBS is worth a reported $2.3 billion over its six years in addition to the existing deal in place with ESPN and Fox.