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Big 12, Big Money

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IRVING, Texas (AP) — Big 12 schools will split up a record $252 million in revenue, the ninth year in a row of increases. The revenue total for the 10 schools, up from $220 million last year, was revealed yesterday (FRI) at the end of the conference's spring meetings. Kansas, Kansas State, Baylor, Iowa State, Oklahoma, Oklahoma State, Texas and Texas Tech will get average full shares of about $25.6 million for the 2015 to 2016 academic year. Third-year league members TCU and West Virginia didn't get full shares, but will next year. West Virginia gets about $23 million, and TCU will receive $24 million. The revenue doesn't include third-tier broadcast rights, such as the $15 million a year Texas gets from ESPN for the Longhorn Network.

The AP is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, as a not-for-profit news cooperative owned by its American newspaper and broadcast members, it can maintain its single-minded focus on newsgathering and its commitment to the highest standards of objective, accurate journalism.