Oregon State and Washington State have finalized a settlement over financial distributions with the 10 schools leaving the Pac-12.
The departing schools will have $5 million withheld during the 2024 fiscal year for a total of $50 million under the deal announced Monday. The departing schools also will pay a $1.5 million "supplemental contribution" to the conference that will be used by the remaining schools to navigate an uncertain future.
"Under this agreement, our schools will have the right to vote on matters that affect all 12 schools this year, while OSU and WSU will have control over future Conference revenue and decisions."The Pac-12 unraveled when 10 members opted to leave the conference for new leagues next year, leaving only Oregon State and Washington State.
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