Pac-12 Hotline: The federal tax filings for fiscal year 2022 reveal, among other things, former commissioner Larry Scott's bloated severance package — only the latest example of mismanagement by the league's presidents.
When the final check clears, former Pac-12 commissioner Larry Scott will have collected $50 million from the conference over the length of a tenure that was second-rate at best and an abject failure at worst.On Friday, the Pac-12 released its federal tax filings for the 2022 fiscal year. The document indicates Scott was paid $4.1 million for his final six months on the job, from January through June of 2021.People are also reading… Oh, but there’s more.
Coincidentally, the Pac-12 Networks are on the hook for receiving at least $50 million in overpayments from Comcast resulting from a management fiasco on Scott’s watch. But let’s not blame Scott for the egregious sum collected over the course of 13 years. Nope. Nobody would turn down that cash if offered. He’s no fool.
Would USC and UCLA have fled the conference? Probably not, because a different commissioner would have accepted ESPN’s reported offer to take over the Pac-12 Networks in exchange for a lengthy media-rights agreement — an agreement that would have sealed off the escape hatch when the Big Ten developed a taste for expansion.
All of which is to say: The presidents have botched this in every meaningful way over the years, from Scott’s compensation to the basketball games in China to the Pac-12 Networks strategy on down the list.Yes, sure, the presidents are highly intelligent administrators running billion-dollar operations and, in many cases, have executed adroitly for their universities.
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