Big 12 becomes latest conference to set revenue record

The SEC isn’t the only conference that has generated record revenue. On Friday, the Big 12 conference also announced that eight of the conference’s schools will receive revenue shares of $27 million each.

Big 12 commissioner Bob Bowlsby announced the news.

Other schools, like TCU and West Virginia who recently joined the Big 12, will receive $24 and $23 million apiece. Next year, the newer conference members will receive their full shares.

The previous record payout in the Big 12 was $23 million.

When you include the third-tier rights, some of the Big 12 teams would be be pushing close to the SEC figures that were released today.

Big 12 numbers don't include third-tier rights. Texas gets $15M from Longhorn Network. OU believed to be next at about $6.5M for 3rd tier.

— Chuck Carlton (@ChuckCarltonDMN) May 29, 2015

It pays to be in a Power Five conference.

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*Featured Photo (above) credit to USA TODAY Sports