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SBD/June 17, 2014/Colleges
Pac-12 Returns Only 68% Of Revenue To Members, Citing Network Costs For Disparity
Published June 17, 2014
NET SPENDING: CBSSPORTS.com’s Jeremy Fowler cited tax records showing FBS conferences spent $46.1M on "independent contractors” in FY ’12-13. Much of that went to the “construction and installation of the Pac-12 Networks” during the FY ending June 30, 2013. The Big Five and AAC “spent a combined” $4.3M on legal counsel in that span, “led by the Big Ten's $1,510,450 paid to Chicago-based Mayer Brown" (CBSSPORTS.com, 6/16).