Quote:Helped primarily by a healthy jump in its take from football bowl games, the Big 12 Conference had more than $313 million in total revenue for a fiscal year that ended June 30, 2016, according to its new federal tax return.

The new revenue figure made 2016 the second consecutive year in which the conference has increased annual revenue by more than $40 million. The figure also means that the Big 12 has nearly doubled its annual revenue since its 2012 fiscal year, when it reported $159.5 million.

The tax return, provided to USA TODAY Sports by the conference on Wednesday, showed that distributions to its 10 member schools ranged from $28.9 million for Oklahoma to just over $28 million for West Virginia. It was the first time that West Virginia and TCU have received full shares of revenue from the conference.