Big 12 Announces Record Distribution of $42.6 Million Per School to Wrap Up Spring Meetings | College Sports News

0

IRVING, Texas — The Big 12 conference will distribute $42.6 million per member institution this year, league commissioner Bob Bowlsby and league board chairman/Texas Tech president Lawrence Schovanec announced Friday at the close of meetings. conference spring meetings.

“That’s a 20% increase from last year’s distribution and a 9% distribution from pre-pandemic levels,” Schovanec said.

“A league record,” Bowlsby said.

“This is very positive news,” added Schovanec. “We are in a very strong position today.”

And while Bowlsby expects the cast to grow by the end of the Big 12’s current media deal with ESPN and FOX in 2025 — he estimated the cast could approach the $50 million mark in the final year of that deal — what remains to be determined is how Oklahoma and Texas’ departures to the SEC will affect the Big 12’s next media package.

Bowlsby and Scholvanec both seemed optimistic about the prospects.

People also read…

“We’re doing what we have to do to compete at a high level to get attention,” Bowlsby said, referring to the Big 12’s recent successes in football games, NCAA basketball championships and championships. spring pursuits ranging from the Women’s College World Series to the NCAA. golf championships.

Bowlsby also warned, “Your TV rights are only worth what anyone pays for them.”

The timeline for replacing the outgoing Bowlsby as commissioner was also discussed on Friday.

“Our goal is to announce a new commissioner during Football Media Days,” Schovanec said of the July 13-14 event at AT&T Stadium. “We believe we are on the right track to achieve this.”

Bowlsby said changes are coming to Big 12 basketball tournaments in Kansas City, with the women’s tournament moving from the city auditorium to the T-Mobile Center, site of the men’s tournament, starting in 2024. The women’s tournament will take place the week before the men’s event, meaning Kansas City basketball fans could potentially attend downtown games for 10 straight days.

Bowlsby said the league’s contract with Kansas City for both tournaments has been extended through 2027.

A note for Oklahoma and Oklahoma State golf fans – Bowlsby said ESPN+ will host the Big 12 Golf Championships starting next spring, which means one of the last Big 12 championships without TV socket will finally get one.

There were no changes announced to the membership deadlines on Friday.

BYU comes on board starting in fall 23. Bowlsby called the prospect of Houston, Cincinnati and UCF joining around the same time “an aspiration.” If all three members of the American Athletic Conference can’t make it by then, they’ll all be members of the Big 12 by Fall 24.

OU and Texas remain on track for a July 1, 2025 SEC start, at least until someone at either university officially says otherwise.

“It would even be premature to speculate how this might play out,” Schovanec said.

May 12 video: OU’s Patty Gasso previews the Big 12 Softball Tournament; talks ESPN+ deal and playoff momentum

Share.

Comments are closed.