The Big 12 is about to undergo some major changes, but the 10 schools in the current version of the conference are receiving quite the financial windfall.
Stephen Hawkins of the Associated Press reported Friday that the league is distributing $426 million of revenue to its member schools for the 2021-22 academic year. That is a record and approximately 25 percent more than last year.
"We find ourselves in a very strong position today," said Texas Tech president Lawrence Schovanec, who serves as chairman of the Big 12 board of directors.
This article will be updated soon to provide more information and analysis.