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.  The increase in reported revenues and distributions from the last Pac-12 pre-pandemic 2019-2020 financial results, at 9% and 10% respectively, is primarily a result of increases in media rights, post-season Bowl revenues and NCAA basketball tournament revenue distributions. The equity value of the Pac-12’s full ownership of its Pac-12 Networks is not included in reported results.

 

For 2021-2022, the Pac-12 Conference reported revenues of $464M and net operating expenses of $41M.  For 2021-2022, the Pac-12 Networks reported revenues of $117M and net operating expenses of $77M.  Consolidated expenses for the Conference and Networks together decreased by 9% from the last pre-pandemic 2019-2020 financial results.  A summary of consolidated results is set forth below.

 

Pac-12 announces record 2021-22 financial results

PAC-12.COM

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In first reported financial year since the Covid-19 pandemic, record consolidated revenue at $581M with record total distributions at $444M, up 9% and 10% respectively from the last Pac-12...

 

How about handing Larry a $1.5M severance check? 

 

This is most definitely grading on a curve.