The Southeastern Conference reported a financial deficit for the 2024 fiscal year after league made expansion-related payments to Oklahoma, Texas.

Texas and Oklahoma, which officially joined the SEC in July, received nearly half of what the other 14 member schools got in their payouts this year.

The amount the 14 schools in the SEC last year only inched up, from $51.3 million to $52.5 million because Oklahoma and Texas received a cut

Heading for financial windfall, the SEC actually saw a dip in revenue after payments to Texas and Oklahoma worth $27.5 million.

The SEC's 14 pre-expansion members saw their league revenue share increase to $52.5 million for fiscal 2023-24. Texas and Oklahoma each received $27.5 million.