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SEC generates NCAA-record $455.8M in revenue for 2014-15 (Yahoo Sports)

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SEC Commissioner Mike Slive, right, presents the MVP trophy to Auburn running back Tre Mason after the …

DESTIN, Fla. (AP) -- The powerful Southeastern Conference is now the NCAA's richest league.

Thanks to the successful debut of the SEC Network, the conference generated an NCAA-record $455.8 million in revenue in 2014-15. The league's revenue was $309.6 million last year.

The SEC will distribute $31.2 million to each of its 14 schools, a figure that does not include $19 million in bowl revenue.

Commissioner Mike Slive announced the record payout Friday, the final day of the league's spring meetings.