MORGANTOWN - Most of what emerged from this week's Big 12 meetings in Kansas City was speculation and opinion, be it on expansion or the proposed structure of the forthcoming four-team college football playoff system.
At the tail end of the meetings Friday, though, was something far more concrete - finances.
The league announced that revenue sharing for the 2011-12 school year would be $19 million per school, and that's before television contract extensions with ABC/ESPN and Fox kick in. The number is a record for the conference.
It was also a good sign for one of the league's two new members, even though West Virginia isn't even officially on board yet.
"It's probably a little bit higher than I thought it would be,'' WVU athletic director Oliver Luck said Friday. "I was expecting it to be in the $17 million range. We're obviously happy about it, even though we're not receiving any of it yet.''
West Virginia, of course, won't receive any of that revenue sharing this year. The Mountaineers' share of revenue from its current league, the Big East, is expected to be in the $9 million range and that will be withheld as per the $20 million deal cut to allow WVU to leave the conference and join the Big 12 after June 30.
West Virginia was included in the Big 12's 2011-12 bookkeeping, however. That's because the school received $10 million in the form of a loan to help pay the settlement with the Big East. As reported back in February, the Big 12 gave the money to WVU with half to be repaid with interest and the other half to be forgiven.
That interest will be between 2 and 3 percent and the school will begin repaying the $5 million in annual $1 million installments in 2016, the first year WVU is fully vested in the league.
Until that time, WVU will get partial shares of Big 12 revenue sharing - a 50 percent share in 2012-13, rising to 67 percent the next year, then 85 percent and a full 100 percent in 2015-16.