Street & Smith’s Sports Business Journal reported the deal is worth $2.25 billion over the life of the deal. The SEC will get about $150 million a year. CBS reached a 15-year deal with the conference in mid-August that is also worth about $55 million per year. The two deals mean each SEC school will get close to $20 million a year from the two contracts.
i think the deal with ESPN pretty much killed the idea of SEC TV for awhile.
ESPN - ESPN signs 15-year deal with SEC - College Sports
The money is spread around to every school in the SEC