Where did all this new TV money for the Big 12 come from?

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Fuzzy math

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this

There seems to be about $30M to $40M a year that is materializing out of thin air. The networks are reporting that a group of individuals (NCAA administrators, people in other conferences, and businessmen) that were generally opposed to the realignment stepped in to make this deal work. It looks like the PAC-16 deal was screwed because TAMU and OU were going to go SEC. In that case UT probably would have gone by themselves to the BIG-10. In this scenario, OSU would have been screwed. So I'm betting T. Boone Pickens is supply the extra cash to make it work.

Why the Big-12 was about to get ripped apart in the first place
A Group Saves the Big-12
What T. Boone Pickens Thinks About It.