Pac-12 Finalizes Settlement with Departing Schools, Secures Future Finances

Oregon State and Washington State reach a financial agreement with 10 departing Pac-12 members, ensuring revenue distribution and future conference stability.

Oregon State and Washington State finalize a financial settlement with the 10 schools leaving the Pac-12, involving more than $65 million in concessions.
The departing schools will have $5 million withheld from their 2023-24 revenue distributions and will pay an additional $1.5 million to the conference.
The agreement prevents future litigation and ensures the remaining schools control over future Pac-12 revenue and decisions.
The Pac-12's remaining members will join the West Coast Conference as affiliate members in all sports except football and baseball for the next two years.
The settlement includes provisions to avoid the dissolution of the conference, with specific asset distribution agreements should the conference cease to exist before fiscal year 2026.