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Big 12 schools share record revenue

Despite being one of the primary victims in the flurry of conference realignment, the Big 12 continued to show its stability under commissioner Bob Bowlsby by reporting a record $220.1 million in distribution revenue Friday at the conclusion of the conference's spring meetings.

The eight remaining charter members of the Big 12 each collected $1 million more than they did last year -- totaling $23 million apiece -- in distribution, with the bulk of the money coming in via TV contracts, bowl games and NCAA basketball tournament appearances.

Second-year members TCU and West Virginia received two-thirds of the full share, or $14 million each. Both schools agreed to smaller distributions as part of a four-year, phase-in agreement that will conclude in 2015-16.

Bowlsby said the league opted to withhold $7.8 million of the $220.1 million for operating revenue, but that the money could be distributed to members down the line.

This month, the Big Ten reported almost $26 million in distribution to its schools; the Pac-12 handed out just under $20 million in distribution to its members.