The SEC will distribute a record $309.6 million in revenue to its 14 member institutions, which equates to $20.9 million per school.
Commissioner Mike Slive announced the payout Friday, the final day of the annual SEC meetings.
The revenue is generated from football and basketball television contracts, bowl games, the league's football championship game, the league's men's basketball tournament, NCAA championships and supplemental surplus. It has nearly doubled since 2009, when the league doled out $165.9 million to its schools.
It could rise significantly next year, with estimations ranging from $15 million to $20 million because of added television revenue.
"There are some numbers floating around out there, but everything is speculative," Slive said. "We're optimistic. We believe the product is so good. We believe the network is so strong. We believe the network will be national. We believe it will generate revenue as it grows over the next decade, but to speculate as to how much that will add to the revenue through the conference to our institutions is really speculative."
The SEC also passed five proposals Friday.
The most significant change involved an automatic waiver for graduate-school transfers with less than two years of eligibility remaining, a move that should expedite the transfer process.
Previously, the SEC required a waiver for anyone to transfer with less than two years of eligibility remaining. The waiver had to be approved by the conference, essentially causing red tape that football and basketball coaches felt was putting them at a competitive disadvantage.
"I think it's been a factor -- not the only factor -- in the success of men's basketball and it's being addressed," Auburn head basketball coach Bruce Pearl said.
The league also:
• Allowed the use of artificial noisemakers -- even music and sound controlled by the school -- at any time during football games except from the time the center is over the football until the end of the play.
• Increased the roster size for tennis teams from eight to 10 during SEC championship play.
• Tweaked roster rules for soccer teams, allowing coaches to change his or her 22 available players from game to game instead of setting the roster before the SEC tournament begins.