The Big 12 Conference has gone from the brink of collapse only a few short years ago to record revenue.
Big 12 Commissioner Bob Bowlsby said Friday that the league's 10 schools will share a record $198 million for the 2012-13 school year, an amount expected to increase significantly going forward.
The eight continuing members of the Big 12 - Baylor, Iowa State, Kansas, Kansas State, Oklahoma, Oklahoma State, Texas and Texas Tech - will get about $22 million each this time. Newcomers TCU and West Virginia will get half shares for 2012-13, about $11 million each from their first year in the Big 12.
"We like the amount of money that we're distributing on an institution by institution basis. There's a lot to like about our current circumstance,'' Bowlsby said at the end of the league's spring meetings "And I can understand some uneasiness, especially based on what has gone on the last couple of years. ... I think our league is rock-solid and we have done everything we can, in the near term and in the long term, to keep this group of 10 schools together in perpetuity. And I think we also have done that and maintained a full set of prerogatives should circumstances change in the future.''
Big 12 teams shared $183 million in revenue in 2011-12, the last year in the league for Texas A&M and Missouri before their departures to the Southeastern Conference.
TCU and West Virginia will get higher percentages each of the next two years before being fully-vested Big 12 members in 2015-16, by which time Bowlsby said the league's 10 teams should be getting about $30 million each from the conference. That could reach $40 million within another decade after that over the length of the Big 12's TV contract with ESPN and Fox Sports.
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