Friday, May 31, 2013
Big 12 divvies up $198 million
By David Ubben
IRVING, Texas -- The Big 12 announced distributions of $198 million to its 10 member schools for the 2012-13 school year on Friday, the final day of the league's spring meetings.
Eight Big 12 schools will receive $22 million, while newcomers TCU and West Virginia will receive half shares of $11 million. Those terms were part of both schools joining the Big 12 back in July 2012.
The $198 million and $22 million per school are both conference records. The conference revenue is tallied from the Big 12's media rights deals with ESPN/ABC and Fox Sports, as well as revenue from bowl games and the NCAA men's basketball tournament. The money does not include revenue from universities' Tier 3 media rights, which can be used to earn revenue as each school sees fit.
"We'll get a pretty significant ramp-up from here on out," Big 12 commissioner Bob Bowlsby said. "That moves up this next year due to a signing bonus from ESPN, and then after that, the new TV deal and the Champions Bowl kicks in."
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