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Yo_Mama_Been_Loggin

(115,966 posts)
Sat Dec 23, 2023, 08:02 PM Dec 2023

Oregon State and Washington State reach Pac-12 settlement with departing schools

The legal wrangling over who controls the Pac-12’s board and assets is over.

The 12 schools currently in the conference released a statement Thursday night saying that they had reached a settlement regarding their legal fight for who gets what in the conference. The settlement comes after the Washington Supreme Court ruled in favor of Oregon State and Washington State — the two remaining Pac-12 members after the 2024 school year — and said they had control of the conference’s revenue and assets.

Per a statement from Oregon State president Jayathi Murthy and Washington State president Kirk Schulz, the 10 teams leaving the conference at the end of the spring sports season agreed to “forfeit a portion of distributions over the rest of the 2023-2024 year and provide specific guarantees against potential future liabilities.”

-snip-

.The Pac-12's assets are estimated at around $400 million.

https://sports.yahoo.com/oregon-state-and-washington-state-reach-pac-12-settlement-with-departing-schools-014834788.html

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Oregon State and Washington State reach Pac-12 settlement with departing schools (Original Post) Yo_Mama_Been_Loggin Dec 2023 OP
Go Cougs! samnsara Dec 2023 #1
NCAA is a criminal enterprise. SarahD Dec 2023 #2
So is ES(ec)PN Sewa Dec 2023 #4
I won't be flying from CA to Florida to attend "conference" games. usonian Dec 2023 #3
I was sorta hoping WSU and OSU would just split the money caraher Dec 2023 #5
 

SarahD

(1,732 posts)
2. NCAA is a criminal enterprise.
Sat Dec 23, 2023, 08:23 PM
Dec 2023

Monopoly, bribery, extortion. I guess they stop short of murder, so that's good.

Sewa

(1,343 posts)
4. So is ES(ec)PN
Sat Dec 23, 2023, 11:28 PM
Dec 2023

When the PAC-12 started the PAC-12 Network, ESPN set out to destroy the conference. Mission fucking accomplished.

I hope the investigation into FSU getting screwed, shows ESPN’s involvement in the decision.

usonian

(14,317 posts)
3. I won't be flying from CA to Florida to attend "conference" games.
Sat Dec 23, 2023, 09:41 PM
Dec 2023

Jet fuel is free and doesn't pollute. Right?

caraher

(6,312 posts)
5. I was sorta hoping WSU and OSU would just split the money
Sun Dec 24, 2023, 05:58 PM
Dec 2023

WSU is something like $100 million in the hole for athletics; it would be nice if they could at least cover that before their TV revenues dry up.

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