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  The Big 12 Conference will distribute a record $426 million of revenue to its 10 schools for the 2021-22 school year, a nearly 25% increase over last year and 10% higher than its peak before the pandemic. "We find ourselves in a very strong position today," Texas Tech president Lawrence Schovanec, chairman of the Big 12 board of directors, said Friday at the end of the spring meetings. The Power Five league is about to go through a change in its membership, which by next summer could be as many as 14 schools before settling at its original size of 12. It's also getting a new commissioner. Bob Bowlsby, commissioner since 2012, announced his retirement earlier this year and is remaining until his replacement is appointed by mid-July.

Schovanec said the goal is to announce a new commissioner at the league's football media days, which are scheduled July 13-14. Schovanec, one of three university leaders on the executive search committee, provided few details about the process but said things are on track to have a decision by then. The Big 12 wrapped up its first in-person spring meetings since 2019, which was before the pandemic. That's when the league reported $388 million in revenue for the completed school year. That number was $345 million last June. - AP College Football

rSr/2023 DT Tyler LacyOklahoma State
News Source: AP College Football

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