Pretty sure the Aresco League and the MWC were outvoted on this deal, which does not reward excellence very highly.
As CommuterBob wrote, only $10M (out of $82M) is up for grabs based on performance:
$4M to the best league
$3M to the 2nd best
$2M to the 3rd best
$1M to the 4th best
0 to the worst
The conference of the team participating in the "BCS" bowl will earn an additional $4M.
That's a huge difference than the old way where half the money was distributed based on performance:
Best league gets 5/15
. . .
Worst gest 1/15
I think the Aresco League and MWC would rather have seen $500K guaranteed to each school, leaving $50M+ up for grabs based on performance.
According to
this article which is similar to what McMurphy wrote, the Group of 5 gets 27% of the net revenue after operating expenses, payouts to participating teams and academic performance bonuses. That expense number is estimated at $125M to $150M a year.
Of course, in the $470M pie they say the Group of 5 gets 27% from, they conveniently leave out $40M per Big 10 and Pac 12 participant in the Rose and Big 12 and SEC participant in the Sugar, and $27M to the ACC participant in the Orange. The "contract bowl" payments of $187M are NOT included in the $470M a year number. Once those numbers are accounted for, the Group of Five's share is effectively reduced to 18% or so.
$470M total pie - $125M in expenses, etc. = $345M net * 27% = $93M. This is close to the numbers posted on the Idaho forum. $470M is the 12-year average. I'm sure its much bigger at the end than in the beginning.