The problem with the SBC is this. Only one team is pulling the wagon. The other one, or two bowls are not, and none of the non participants are. I do believe at one point each team in the SBC was responsible for a minimal number of NOLA Bowl tickets, not to sure about that. The formula changed when we blew away the NOLA Bowl. The very next season the SBC decided to take most of the money above our costs.
So in theory if UL needs to sell 12K seats to break even, then the next 12K is split between the eight football schools. Thus we are getting about .125 percent of those 12K seat revenues, and the Hoax is getting the same while spitting in our faces.
Next year it will be split by 11 teams making it even worse.