Jon Wilner's Pac-12 Hotline mailbag: Pac-12 finances for remaining four and eight departing ... What happens to CFP and NCAA Tournament payouts? ... As good as Stanford was at football for so long (and in so many other sports), how…
How much money is in the Pac-12 accounts? And are the four remaining schools obligated to share that, and the 2023-24 revenue, with the departing schools? — @grasslandJerry
Could the revenue be withheld? Final judgment undoubtedly will be rendered by the lawyers, who must determine"the real damages" inflicted upon the four remaining schools, according to a source. There is precedent for such action. In 2012, the Colonial Athletic Association declared its three departing members, VCU, George State and Old Dominion, ineligible for championships.But like everything else, it's on the spectrum of possibilities during this tumultuous stretch.
If the conference dissolves, that could change. But only the four remaining schools have the power to shut everything down and turn out the lights. Assuming Cal and Stanford leave, why wouldn’t WSU and OSU each take $200 million in Pac-12 assets and spread that over six or seven years as Independents and try to get in a conference when the next domino falls, or buy time until they can reform a version of the Pac-12? — @DevinOssman
The lawyers are digging into that issue, and several others, according to Washington State president Kirk Schulz. The Hotline covered the schools and the issues that matter to them long before “Pac-12” was added to the name of our operation a few years ago. That won’t change with new conference affiliations.Ultimately, do you think the Pac-12 was unable to negotiate a media deal because the conference leadership and/or the schools incorrectly gauged their media value? — @Jalex0077
Wilner: The march to collapse began in 2011 with the creation of the Pac-12 Networks and continued unabated for 12 years, as we outlined last week.How was Stanford left behind? It wasn’t that long ago when Stanford was regularly a top team in football. How did it fall so hard and whose fault is it? — @Lionsmaul
If Cal doesn't gain membership in the ACC or Big Ten, its revenue will crater and you can bet the regents will impose the top end of that subsidy. We never understood that strategy. After all, the strength-in-numbers approach is a vital component to surviving realignment. Nobody is mentioning Apple. Shouldn’t they share some blame? If rumors are correct and their last offer to the Pac-12 for streaming was $25 million per team, what were they thinking? Now, for the next six or seven years, Apple is shut out of streaming college football. — Wayne Niebroski
Wilner: Cal's administrative apathy and institutional hurdles, and the resulting deterioration of its football and basketball programs, have placed the Bears at extreme risk. They could very well get left behind in the realignment game, forever. The Big 12, Big Ten, ACC and SEC are simply not options. Realignment is unforgiving and based primarily on media valuation and, to a lesser extent, geography.
The Irish prefer the Independent existence for their football team, and we don't see that changing anytime soon. When the CFP expands to 12 teams next season , the six highest-ranked conference championships will receive automatic bids. Why six? Because there are five power conferences. The extra automatic bid creates access for the best team in the so-called Group of Five leagues and avoids any antitrust issues.
Its competition for that slot would consist of the winners of the Sun Belt, Mid-American, Conference USA and American, which will be greatly depleted by the loss of Cincinnati, Houston and UCF. In no way, shape or form is the Hotline attempting to minimize the impact of the Pac-12's collapse on the WSU and OSU athletic departments, their athletes or their fans. It's nothing short of devastating.
The current deal reportedly expires in the summer of 2026, meaning negotiations on a renewal would begin in late '24 or early '25. But the Big Ten schools won't support any expansion if the process results in reduced media revenue, so new cash is required. And that means the conference's media overlord must find the cash, just as it did with Oregon and Washington.
For athletes in the Olympic sports, the only thing that makes less sense than USC and UCLA being in the Big Ten alone is USC, UCLA, Oregon and Washington being in the Big Ten without Stanford and Cal.
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