The revenue distributions, announced at the conclusion of the Big 12 spring meetings in Irving, break down to approximately $22 million per school for the league’s eight charter members. First-year members TCU and West Virginia each will receive half-shares of $11 million as part of a four-year phase-in agreement put in place when those schools agreed to join the Big 12.
Even as half-share recipients, the $11 million represents a significant jump in revenues from last year for TCU and West Virginia. TCU was a member of the Mountain West last year, where it never earned more than $2 million in any school year. West Virginia competed in the Big East.
For the other members, the $22 million is the largest per-school take in Big 12 history. It also exceeds today’s announced distribution of revenues in the Southeastern Conference, which passed out $20.7 million per school ($289.4 million total) to its 14 members, including Texas A&M.
Bowlsby said the Big 12 distribution numbers, derived primarily from television contracts, bowls and NCAA basketball tournament appearances, will only increase in future years. Bowlsby said projected revenues will reach $30 million per school by 2015-16, the first year that TCU and West Virginia will receive full shares, and could top $40 million by the end of the league’s existing television contracts with Fox and ESPN that run through the 2024-2025 school year.
_ Jimmy Burch