The wording is a little funky, i think this is the breakdown of payouts to conferences, not individual teams:
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So each conference gets that payment table for each member they have in the CFP. They then decide on how to split out that pot to their members based on participation. The B1G for example, splits everything evenly amongst all members, whether or not they were participants. The ACC it seems, passes everything earned directly to the participant who earned that spot while the SEC passes most everything directly to the participant. The B12 has a funky calculation that gives an additional reward to the participant which seems more confusing than useful to me.
ND, by virtue of being independent, keeps all its bowl payout money to itself.