Oregon State and Washington State will split $65 million withheld from the other 10 programs that are exiting the Pac-12 under a settlement finalized Monday.
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.
The departing members will not be entitled to any revenue generated after this year and will have no"vote, direction input or other power with the conference's use, allocation of expenditure of the supplemental contribution.
The Pac-12 unraveled when 10 members opted to leave the conference for new leagues next year, leaving only Oregon State and Washington State. The conference's remaining members will have a scheduling alliance with the Mountain West Conference for at least 2024, possibly beyond. The schools will join the West Coast Conference as affiliate members in every sport except football and baseball the next two years.
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