The Big 12 will distribute a record amount of $198 million of conference-generated revenue for the 2012-13 school year, the league announced at its annual spring meetings Friday in Irving, Texas.
Eight schools, including Kansas and Kansas State, will receive $22 million. Under terms of their agreements to join the Big 12, West Virginia and TCU will receive $11 million each, which is more conference revenue than they received previously in the Big East and Mountain West.
The $22 million distributed per school is a record amount. Last year, Big 12 schools received $19 million.
Commissioner Bob Bowlsby told The Star earlier this week that the league stands to cash bigger checks in the next few years because deals with ESPN and Fox are structured to escalate through its 13-year lifetime.
Also, the conference’s share of the Sugar Bowl and the College Football Playoff, starting in 2014 will add to the bottom line.