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

[Yo_Mama_Been_Loggin]

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

[samnsara]

1. Go Cougs!

[SarahD]

2. NCAA is a criminal enterprise.

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

[Sewa]

4. So is ES(ec)PN

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]

3. I won't be flying from CA to Florida to attend "conference" games.

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

[caraher]

5. I was sorta hoping WSU and OSU would just split the money

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.