Its probably too complicated to discuss but the long and short of it, is that K State will probably have a guaranteed annual income from BCS II related sources (Sugar Bowl & Semi Finals) of an average of approximately $8 Million. Because the Sugar Bowl will probably host 4 Semi Finals in the next 12 years, the Sugar Bowl Broadcast rights owned by the SEC and Big 12 will only be earned 8 out of the 12 years, K States $4 Million Sugar Bowl Pay day will only occur 8 years (4 out of 12 years no income from Sugar Bowl)
Semi Final Revenue for K State is estimated approximately between $3.5 Million to $4.5 Million annually
K State will also get a $400,000 share for any/all Big 12 appearances in any BCS Host Bowl (not Sugar, not semi final, not NCG)
and $600,000 for any Big 12 appearance in a Semi Final
Academic performance bonuses ($300,000 per qualifying school) will be distributed to conferences based on the number of schools that meet the NCAA’s APR standard of 930. For example, according to the person, if eight Pac-12 schools met the APR standard, the league would receive $2.4 million.
Here is a link to the NCAA APR Calculator.
Based on Football only (2010-2011) Oklahoma State was at 928, all other Big 12 member Football teams were above 930 ( $300,000 x 9 = $2.7 Million or $270,000 for K State)
Of all teams in the Power 5 Conferences Oklahoma State is the only one below 930 for 2010-2011. Louisville currently in the Big East soon to be in the ACC also is below 930 for 2010-11.