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Not positive.... I saw it posted here (by a sip fan) earlier that the BDF didn't keep a full share but rather "kept what they needed to operate."
Bowlsby said the bdf has retained approx. $7M of that in a reserve fund specifically for expected future litigation / legal costs.
What? How does the math work here? Were the earlier revenue numbers of $250,000,000 by ESPN off by that much??
ETA: Saw the
distribution was $252,000,000, not the total revenues, which have not been disclosed, yet. I'll also add this odd statement:
quote:
Oklahoma State President Burns Hargis, head of the Big 12's board of directors, liked Bowlsby's projection that Big 12 schools will receive $44 million per year in distributions for the 2024-25 school year, the last under existing television rights agreements.
"We're very pleased with the revenue figure. I think we're in a very good place financially," Hargis said. "The disparity, I don't think, is near what that looks like [compared to SEC distributions]. As long as our student-athletes are getting the facilities and the academic support and the full-cost-of-attendance dollars, I think we'll be able to compete just fine. And I don't think our fans will question that."