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I didn’t vet/ research the payout per team methodology noted below but...
Not to necro an old thread but the AAC netted $18.8M from the college football playoff. They also get the payouts for every bowl the AAC played in:
UCF - Fiesta - $4.0M
Memphis - Birmingham Bowl - $800,000
Cincinnati - Military - $1.035M
Temple - Independence - $624,000
Houston - Armed Forces - $450,000
USF - Gasparilla - $567,000
Tulane - Cure - $375,000
$7.851M + $18.8M = $26,651,000 / 12 ~ $2.2M per team