The rich continue to get richer in the Big 12, but the rest of the conference is making pretty good money, too.
Oklahoma and Texas once again ranked near the top in national athletic revenue in the 2015-16 school year, according to the 2016 USA Today finance database. The rest of the conference lags behind, but all eight programs listed are turning a profit.
Texas ranked No. 2 in the nation with $187,981,158 in revenue. Only Texas A&M ranked higher with $7 million more in revenue. The Aggies benefited greatly for the second straight year after factoring stadium renovation fundraising into their yearly revenue. A&M’s number is expected to drop by about $40 million next season.
Oklahoma ranked No. 6 nationally with $150,373,216 in revenue. West Virginia ranked No. 26 and was the only other Big 12 program to reach $100 million in revenue. Twenty-eight programs accomplished that feat nationally.
Kansas State and Iowa State lagged behind the rest of the programs on the list, but all ranked in the top 50 nationally.
Every Big 12 program finished in the black 2015-16. Oklahoma led the way with more than $23 million in surplus revenue, while West Virginia made close to $20 million. Iowa State ranked last at about $80,000.
Baylor and TCU did not appear in the survey. Both are private schools, so disclosure of their financial records is less transparent.