Divided among the 10 teams and over the course of the contract, each school would stand to make just shy of $20 million per year. That is more than double what West Virginia made in its best year as a member of the Big East.
For current Big 12 members, the jump is about $5 million per year from their previous revenue earnings. Sports Business Journal reported the $20 million per school per year total is around $1 million shy annually of what the Pac-12 negotiated in its deals with ESPN and Fox.
The report also indicated the deal may be a signal that the Big 12 is content to stay at 10 teams for the foreseeable future.