Washington State President Laments Revenue From Pac-12 Nets Compared To B1G, SEC
Washington State President Kirk Schulz said the Pac-12 Networks is "not providing the sort of dollars the other schools in the SEC and Big Ten get from their conference networks," and the subject is a "concern of the Pac-12 presidents," according to Stefanie Loh of the SEATTLE TIMES. Schulz said, "The original projections made way before I was here was that there was going to be substantial revenue coming in to the different members of the Pac-12." He said the Pac-12 has only "exceeded some lower level expectations." Schulz: "It’s a large discussion point with meetings with [Pac-12 Commissioner Larry Scott] at every single meeting. Because everybody needs these revenues to be competitive, not just within the Pac-12." Schulz said the Pac-12 is "falling behind" the other Power Five conferences (SEATTLE TIMES, 10/18). In San Jose, Jon Wilner reported Pac-12 Nets "churned out" approximately $2.5M per school in FY '17. By comparison, Big Ten Net and SEC Net are "sending three and four times that amount to their members." The larger revenue picture also is "stark." The SEC and Big Ten have "lapped the Pac-12 in overall annual distributions, which include all media rights, plus postseason football and NCAA tournament dollars." That is a $19M difference per school between the Big Ten and Pac-12. The future of Pac-12 Nets will "play out over the next six years, as consumer behavior changes, technology evolves and the conference positions itself for the Tier 1 negotiations." But Schulz' comments are nonetheless "significant for what they represent: A break from the eternally-rosy view of the networks expressed at the highest levels of power" (San Jose MERCURY NEWS, 10/18).