October 25, 2014
IRVING, Texas (AP) - Big 12 schools are getting a nice payday.
Commissioner Bob Bowlsby said Friday that the conference will distribute $198 million to its 10 schools, a bump from $183 million the previous year.
Bowlsby said at the end of the league's meetings that amount will grow in the future when a new television contract goes into effect, plus money from Sugar Bowl matchups against a top SEC team.
The eight continuing members of the Big 12 will get about $22 million each. Newcomers TCU and West Virginia will get half-shares for 2012-13, about $11 million each from their first year in the Big 12. Their percentage will increase in future years.
The revenue doesn't include third-tier broadcast rights, such as Texas' agreement with ESPN for the Longhorn Network.