Big 12 Conference schools will share record revenue of just more than $220 million for the 2013-14 school year. Commissioner Bob Bowlsby said Friday at the end of the league's spring meetings that the eight continuing members of the Big 12 will get about $23 million each.
Those schools are Baylor, Iowa State, Kansas, Kansas State, Oklahoma, Oklahoma State, Texas and Texas Tech. Second-year league members TCU and West Virginia, who will become fully vested Big 12 members in two years, will get about $14 million each. The amount of distributable revenue, an increase from $198 million last year, was about $7.8 million more than expected.
That $7.8 million will go into a reserve fund that could be used for legal or unforeseen expenses.