The Southeastern Conference announced on Thursday that commissioner Greg Sankey has signed a contract extension through 2023.
"Greg Sankey has led the SEC through an important period of growth and change, advancing our conference's national standing while ensuring superior experiences for our student-athletes," Dr. Harris Pastides, the president of both the SEC and University of South Carolina, said in the statement. "We look forward to working with him to achieve even greater success for the SEC at this important time in college athletics."
Sankey has served as the conference's commissioner since 2015, taking over after Mike Slive retired. He released the following statement Thursday:
"I am privileged to serve the universities and advance the academic and athletics pursuits of the student-athletes of the Southeastern Conference. We are in the midst of a time of change for college athletics and I look forward to working with campus leaders to chart a course that sustains the incredible success of our Conference and provides remarkable support for our student-athletes for generations to come."
Under Sankey, money has continued to roll in for the SEC schools, with Steve Berkowitz of USA Today reporting in February that the conference payouts in 2017 ranged from "$42.8 million for the University of Georgia to $39.9 million for each of four schools. The average per school is about $41 million."
That didn't include any money the individual schools received from football bowl games. Per that report, the conference's revenue in 2017 totaled $650 million. Tax returns also showed that Sankey was paid $1.9 million as the conference's commissioner in 2016.
Part of that growth has been the growth of the SEC Network. Per the conference's press release, the network has now "secured long-term distribution agreements with every major cable provider in the United States, it has distribution agreements with every nationwide multi-channel subscription streaming service currently in the marketplace and is available internationally to over 140 countries."
With an extension in place, Sankey will now be tasked with extending the conference's growth over the long term.