How much money does the Pac-12 Network make?

The Pac-12 announced Friday that it totaled a record $580.9 million in revenue during fiscal year 2022 — fourth among the Power Five conferences.

How much money do Pac-12 schools make?

(The Big Ten reported $845.6 million in total revenue for 2022 for payouts of $58.8 million for its full-fledged members; the SEC, $802 million with payouts to each school landing just shy of $50 million; the ACC, $617 million; and the Pac-12, $580.9 million for an average of $37 million apiece for members.)

What is the Pac-12 Network worth?

The filing states that the Pac-12 ended the 2022 fiscal year with $42.7 million in total net assets, a figure that does not include the equity value of the conference's ownership of the Pac-12 Network. For the 2021-22 financial year, the Pac-12 Network reported revenue of $117 million and expenses of $77 million.

How much money has the Pac-12 made?

SAN FRANCISCO – May 19, 2023 – The Pac-12 Conference today reported the financial performance for the financial year 2021-2022, with record total revenues of $581M and record distributions at $444M, representing an average of $37M per member university.

How much money is left in the Pac-12?

But this much is known: The Pac-12 finished the 2022 fiscal year with $42.7 million in net assets, which includes the emergency reserve funds controlled by the presidents — the presidents of the four remaining schools.

Fox 13 Investigates: How much money Utes, Pac-12 make compared to other conferences

Is the Pac-12 in debt?

Regardless of specifics, the bottom line is all too familiar for the Bruins, who reported a $28 million deficit in the 2022 fiscal year and were running deep in the red before COVID hit.

What happens to Pac-12 in 2024?

On Saturday night, Cal and UCLA will face off in the final regular-season football game for the Pac-12 as we know it. Going forward, the conference will only have two schools and no media deal. Beginning in 2024, Oregon State and Washington State will be the only remaining members.

What is the Pac-12 lawsuit?

While the Pac-12's future as a conference remains grim, its 12 member schools agreed in principle Thursday to settle litigation over who should control conference assets and hundreds of millions of dollars in conference revenue used to run athletic programs.

What happens to Pac-12 assets?

The conference, which Oregon State and Washington State intend to keep alive and hope to rebuild, will retain its assets and all future revenues. “We are pleased to have reached an agreement in principle that ends litigation,” the 10 departing schools said in a joint statement.

Does the Pac-12 Championship sell out?

The Pac-12 championship sold out in back-to-back seasons and received record television ratings in its final iteration.

How much money does the Pac-12 make vs the Big Ten?

(The Big Ten reported $845.6 million in total revenue for 2022 for payouts of $58.8 million for its full-fledged members; the SEC, $802 million with payouts to each school landing just shy of $50 million; the ACC, $617 million; and the Pac-12, $580.9 million for an average of $37 million apiece for members.)

What is the big 10 revenue?

Big Ten leads Power Five conferences with $845.6 million in revenue in 2022 fiscal year, per report. Watch Now: Power Five conferences combined for more than $3.3 billion in total revenue during the 2022 fiscal year, according to USA Today. The Big Ten led the pack at $845.6 million.

Why is Oregon State suing the Pac-12?

Washington State and Oregon State sued the Pac-12 and commissioner George Kliavkoff over control of the conference in September, setting up a court battle over more than $400 million in revenue generated in the 2023-24 school year.

What school makes the most money?

U.S. 20 richest colleges in the U.S. FY 2022

The university in the United States with the largest endowment market value in 2022 was Harvard University, with an endowment fund value of about 49.44 billion U.S. dollars.

How much does UCLA football make?

UCLA and USC will join the Big Ten in one year. This is their plan for an elite move. Football ticket sales generated $11.6 million in revenue, up from $10.6 million the previous year, thanks in part to an eight-game home schedule for the 2022 season.

How much does college football make a year?

The average annual total revenue for an FBS football program is more than $20 million. The highest grossing conferences are the Big Ten and SEC with each conference team on average bringing over $35 million in revenue.

Who controls Pac-12 assets?

Associated Press reported Thursday that Oregon State and Washington State, which have been given control of the Pac-12's assets, have reached agreement in principle with 10 departing Pac-12 schools on revenue distribution for 2023-24.

Is Oregon moving out of the Pac-12?

Oregon State and Washington State have reached an agreement in principle with the 10 departing Pac-12 schools on revenue distribution for 2023-24, ending a legal battle over control of the conference.

Is Pac-12 a nonprofit?

Pac-12 Networks is a non-profit entity, wholly owned by the Pac-12 Conference's 12 universities. Pac-12 Networks is innovative and progressive, creating a unique model that does not exist anywhere else.

Is the Pac-12 ending?

As the legal battle plays out, Yahoo! Sports reported that the Pac-12 is "expected to operate as a two-member conference at least for [2024]" and would be recognized under a two-year grace period, until 2026, to meet conference requirements in the NCAA bylaws.

What is the future of the Pac-12 Conference?

Which Teams Are Leaving The Pac-12? USC, UCLA, Oregon, and Washington have decided to go to the Big Ten, and Colorado, Arizona, Arizona State, and Utah have chosen to head to the Big 12. Then news broke that Cal and Stanford would be going to the ACC in 2024.

Is the Pac-12 a legal dispute?

The fight for control of the Pac-12 is over. The 10 departing schools have agreed in principle to a settlement with Washington State and Oregon State that ends three months of internecine litigation and provides clarity on the future of the conference. Terms were not disclosed.

Why is Pac-12 going away?

After the Big Ten and SEC's new media rights deals, things did not go as smoothly for the Pac-12. Despite the formation of an alliance between the Big Ten, Pac-12, and ACC after Oklahoma and Texas defected to the SEC, USC and UCLA left the Pac-12 for the Big Ten.

Why are they getting rid of the Pac-12?

Arguably the main reason the conference fell apart—why 10 of its 12 schools fled, even at a reduced share of revenue—was because it couldn't agree on a new media rights deal. With its current deal set to expire in 2024, the league was the only one in the Power Five without a long-term contract.

Will Oregon State join the Mountain West?

Oregon State Football Conference Realignment: OSU Joins Mountain West/Pac-12 Arrangement. In the wake of the Pac-12's mass exodus, Oregon State had to consider plenty of options for the future.