Big 12 sets record for big revenue, too

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The SEC isn’t the only conference announcing record financials at the end of the work week.

Friday afternoon, Big 12 commissioner Bob Bowlsby announced that eight of his conference’s schools will received full shares of $27 million each.  New-ish members TCU and West Virginia will receive $24 and $23 million apiece, respectively; next year, each of those schools will receive full shares.

In 2014, Bowlsby announced what was a then-record payout of $23 million per school.

Bowlsby also noted that “several Big 12 schools [are] close to or over SEC numbers given third-tier rights.” Texas and Oklahoma, of course, would be the big winners in that revenue stream, while WVU made up somewhat for its lack of a full share.

As a reminder, SEC schools are expected to receive a shade over $31 million each for the 2014-15 fiscal year.  Those numbers don’t include multimedia rights deals — no third-tier rights in that conference because of the SEC Network — worked out by the individual schools, like the lucrative new deal signed by Alabama in April of 2014.