KANSAS CITY, Mo. — Oklahoma State and the Big 12's other lower-revenue schools walked out of the conference meetings Friday with a multimillion-dollar pay increase.
Previously, the Big 12 distributed 57 percent of football and basketball TV dollars equally among its 12 members.
Now, with Colorado and Nebraska gone, the league has decided to spread 76 percent of the dollars equally. The vote was unanimous on Friday, the final day of the conference meetings.
Commissioner Dan Beebe declined to speculate exactly how much this will mean to lower-revenue members such as Kansas, Baylor, Iowa State and Kansas State.
But he agreed it will be "millions," given the $1.17 billion football deal with Fox that takes effect in 2012.
When the 10 remaining schools decided to stay with the Big 12 last summer, Oklahoma, Texas and Texas A&M were guaranteed at least $20 million annually in conference revenue. This agreement will help bridge the revenue disparity between those three schools and the rest of the league.