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That statement is referring to how the conferences divide the money. I think in the SEC if a school goes to a bowl gets 30% of the payout and the other 70% is then split 14 ways. The ACC may split it differently.
As far as the big 6 all paying equally - I really don't know. I've seen they are all the same and I have seen what I posted in that link. Either way we are set to get a nice chunk of change, but if the Orange really is that much higher then that is where I want to go. That would be $5,950,000 just to MSU for playing in that bowl based on the 30/70 split.
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