Not long after it was reported that members of the Big Ten would be in line for a record $25.7 million in payout from the conference, the Big 12 and SEC have announced their payout distributions for the 2012-13 year.
Big 12 commissioner Bob Bowlsby said Friday that the conference will distribute a record $198 million to its 10 members — a number that does not include each school’s third-tier rights. The eight core members of the Big 12 will receive $22 million apiece. TCU and West Virginia will each receive $11 million as part of their entrance into the league.
“We will have some pretty significant increases the next couple of years,” Bowlsby said, adding that the conference’s back loaded deal with ESPN/FOX could result in upwards of $40 million for each member by the end of the 13-year agreement. That number, Bowlsby said, does not include revenue from the Champions Bowl between the Big 12 and SEC, which is said to be worth $80 million for the two sides.
Speaking of the SEC, commissioner Mike Slive announced his conference will distribute approximately $289.4 million to all 14 members — an average of $20.7 million per school. Slive said the $289 million does not include the $14.1 million retained byinstitutions for bowl participation and $980,000 divided among all 14 institutions by the NCAA for academic enhancement.
Of course, the SEC’s revenue distribution is also expected to go up with the announcement of the SEC Network, which will launch next August.