- Associated Press - Friday, June 3, 2011

KANSAS CITY, MO. (AP) - The Big 12’s lower-revenue schools walked out of the conference meetings Friday with a multimillion dollar pay increase.

Previously the Big 12 distributed 57 percent of football and basketball TV dollars equally among its 12 members. Now, with Colorado and Nebraska gone, the league has decided to spread 76 percent of the dollars equally. The vote was unanimous on Friday, the final day of the conference meetings.

Commissioner Dan Beebe declined to speculate exactly how much this will mean to lower-revenue members such as Kansas, Baylor, Iowa State and Kansas State. But he agreed it will be “millions” given the $1.17 billion football deal with Fox that takes effect in 2012.

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