Record payout helps boost Tech budget to $65 million
Two weeks ago, at the end of its annual spring meetings, the Big 12 Conference announced it would distribute a record $198 million of revenue to the member schools.
That’s $22 million apiece for eight original members, Texas Tech being one, and $11 million apiece for newcomers TCU and West Virginia.
So how does Texas Tech’s $22 million get applied?
“All conference revenue is reinvested back into our athletic department annual budget,” Tech athletic director Kirby Hocutt said. “It goes into line items of recruiting, team travel, equipment, game operations ... .”