The stakes are high: More than $400 million in media rights revenue depends on the conference producing about 1,000 live events this year
The Pac-12 presidents approved an employee retention-and-severance plan Tuesday designed to ensure the collapsing conference remains staffed to the level necessary to produce roughly 1,000 live events and meet contractual obligations to its media partners, according to a source with knowledge of the development.
With 10 schools departing for other leagues next summer, executives are concerned that a mass exodus of conference employees could jeopardize the production of competitions worth more than $400 million in media rights revenue from ESPN, Fox and other partners. A significant decrease in staffing also could undermine the experience for thousands of Pac-12 athletes across all sports in 2023-24.
All 12 presidents and chancellors signed off on the retention and severance plan but did not take a formal vote, per court order. On Monday, a Whitman County judge issued a temporary restraining order that prevents the Pac-12’s board of directors from meeting until the court determines the proper makeup of the board in the aftermath of collapse.
Washington State and Oregon State believe their presidents are the only remaining members of the board and
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