Big 12 Commissioner Brett Yormark announced that the conference will distribute a record $470 million in revenue to its 14 member schools this year for the 2023-24 season. This milestone comes despite the dilution of member distribution due to the addition of four new schools: Houston, UCF, Cincinnati, and BYU. Yormark emphasized that the Big 12 is 'more relevant now than we’ve ever been' and remains 'open for business,' though he is not actively exploring further expansion. The new members received $18 million this year and will receive $19 million next year, with a full share starting in the 2025-26 season. Yormark also highlighted the interest of private equity in college sports as a validation of the growth and future potential of college athletics. He noted that the Big 12 will have parity and depth, making every game compelling throughout the season.
Big 12 Commissioner Brett Yormark announced a record $470M distribution to member schools 💰 Despite the dilution from adding Houston, UCF, Cincinnati, and BYU, Yormark is open to expansion but not actively seeking new members. Read more ⬇️ https://t.co/Zgoosr7AoR
Big 12 will distribute record $470 million, though 10 full-share members getting little less. https://t.co/9JlkacyvJg
The Big 12 remains "open for business." Instead of expansion, business focuses on value creation for Commissioner Brett Yormark and his 16-team league. #Big12 https://t.co/onNym1XNHa
On Brett Yormark saying the Big 12 is more relevant than it's ever been. https://t.co/IvzHYYmWTn
Brett Yormark says Big 12 is going to have parity and depth: "I'm not sure you're going to see that everywhere else, but in this conference every game's going to matter. We're going to have compelling games all season long. https://t.co/lCMBM3NYWZ
Big 12 will distribute a league record $470 million to its schools this year, commish Brett Yormark said
Big 12 Conference is distributing $470 million to the 14 programs in the league for 2023-24. #Big12 #BYU https://t.co/AcAiD1y0fr
Big 12 has wrapped its spring meetings. Among the headlines coming out: * Distributed a record $470 million to league members, but there are more mouths to feed * Brett Yormark says the league is "open for business now more than ever" but is not actively looking at expansion *…
Big 12 to distribute record $470 million revenue to current member schools https://t.co/ckT8DiT7OQ via @houstonchron
Big 12 commissioner Brett Yormark says he sees the interest by private equity in college sports as a sort of “validation” in the growth of college athletics and its future. He points to private equity’s involvement in NFL and NBA as recent examples.
Asked if he’s actively exploring expansion, Big 12 commissioner Brett Yormark said: “No, I’m not.”
Big 12 had discussion on roster limits but there was no consensus and “nothing definitive,” commissioner Brett Yormark said.
Is the Big 12 exploring further expansion? “No, I’m not,” says Brett Yormark.
Houston, UCF, Cincinnati and BYU received $18 million in revenue from Big 12 this year, $19 million next year. Full share beginning in 2025-26.
“We’re more relevant now than we’ve ever been,” says Big 12 commish Brett Yormark.
Big 12 commissioner Brett Yormark: "I’ve said from Day 1, we are open for business. I guess you could say that we are open for business more than ever."
Big 12 commissioner Brett Yormark says the conference will distribute an estimated $470 million to its schools this year, which is a record for the league.
The Big 12 will distribute $470 million to its members this year, which is a record, says commish Brett Yormark.
Big 12 commissioner Brett Yormark says on conference call with reporters that league will distribute record $470 million in revenue this year.
The Big 12 will distribute $470 million to its schools this year, commissioner Brett Yormark said. That’s a record. Yormark does acknowledge that there will be "some dilution" of member distribution because of the four-team expansion.
Big 12 commissioner Brett Yormark said the conference will distribute $470M of revenue, which is a record for the league.
Brett Yormark says Big 12 will distribute an estimated $470 million this year, a record for the conference.
Big 12 commissioner Brett Yormark says on conference call with reporters that league will distribute $470 million this year.