Oregon State and Washington State have finalized a settlement over financial distributions with the 10 schools leaving the Pac-12.
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.
'We are pleased to finalize an agreement with OSU and WSU that provides support for all our student-athletes while ensuring an equal distribution of the vast majority of funds earned by all 12 schools during the 2023-24 academic year,' the 10 schools who are leaving said in a statement. '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.
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