HomeLeaguesPac-12 Set High Revenue Mark in FY23, While School Payouts Sank

Pac-12 Set High Revenue Mark in FY23, While School Payouts Sank

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The Pac- 12 Conference made$ 603.8 million for the time frame of its last fiscal year, July 2022 to June 2023, before the terrible and contentious process of whittling down from a hundred to a match.
The$ 58 million it reported earning in the fiscal time 2022, which had formerly been the highest level of the league’s highest income, was an increase over the$ 58 million it had previously reported making. The conference primarily owes the$ 389 million that was received from its television rights fees previous fiscal year as well as the$ 140 million received from postseason bowls for the year over year increase.
” We are pleased to own generated document income for our people”, Pac- 12 director Teresa Gould said in a media release.
The meeting also distributed about$ 33 million to each of its members, whose ten have since submitted proposals to meet rival events at the start of the following academic year, according to its most recent tax files. Members received approximately$ 3 million less from those distributions in the prior fiscal year.

Members of the bar, however, enjoyed a jump in their Pac- 12 allotments. The conference reported that Proskauer Rose and Cooley made up the majority of the$ 6.7 million in legal fees. The NLRB regional director’s complaint about unfair labor practices against the Pac-12, USC, and the NCAA was brought by Proskauer Rose for the conference. In the Hubbard v. NCAA antitrust case, Cowley has represented the Pac- 12 as a defendant.
Former commissioner George Kliavkoff, who presided over the league’s disastrous downfall over his three- year tenure, received$ 3.98 million in total compensation in FY23, which included a$ 500, 000 bonus. On March 1, Klaivkoff resigned. His predecessor as league commissioner, Larry Scott, was paid$ 2.28 million, which included a$ 1.5 million severance.
The tax returns reveal that Scott had not yet paid back a$ 1.86 million, interest-free home loan he received from the conference when he started the job in 2009. It’s not known whether Scott has since paid off that loan, which was supposed to be paid off by June 30. ( When asked over email, a league spokesperson declined to say. )
The conference’s highest- paid independent contractor was Advanced Systems Group, which received$ 4.23 million for the buildout of the Pac- 12 Networks ‘ new studio productions facility.
In March, the Pac- 12’s remaining members, Oregon State and Washington State, struck a$ 65- plus million settlement with the league’s 10 departing schools, each of which will have$ 5 million withheld from their FY24 revenue distributions while having to pay an additional$ 1.5 million to the Pac- 12. That agreement will be reflected in the league’s next tax return, due to be filed next May. 

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