UTAH UTES

Pac-12 Conference Releases 2019-20 Financial Results

May 20, 2021, 1:22 PM
Pac-12 Championship Football Game...
A general interior view of Levi's Stadium during the Pac-12 Championship football game between the Oregon Ducks and the Utah Utes at Levi's Stadium on December 6, 2019 in Santa Clara, California. The Oregon Ducks won 37-15. (Alika Jenner/Getty Images)
(Alika Jenner/Getty Images)

SALT LAKE CITY, Utah – The Pac-12 Conference released on Thursday afternoon their financial results from the 2019-20 fiscal year.

According to a release sent out by the Pac-12 Conference, which was highlighted by $534 million of total revenues, distributions of $403 million, which will average out to $33.6 million per member university.

The year-on-year increase is one percent for total revenues and four percent for distributions. It is a primary result of increases in media rights and postseason bowl revenues. The Pac-12 Networks full ownership by the conference was not included in the reported results.

“The Pac-12 mission is to support our over 7,000 student-athletes both on the field and in the classroom,” said Pac-12 Commissioner Larry Scott.  “Our continued financial growth in revenues and member distributions, along with expense management efforts, have and will continue to allow us to support this essential academic and athletic mission.”

The Pac-12 provided a full chart of the reported financial results.

Pac-12 Conference 990 Reporting by Entity (Audited Financial Statements)

 Networks   Conference   Consol 
Revenue
All other contributions, gifts grants, etc       3,154,942            388,367       3,543,309
Non-cash Contributions                    –                      –                    –
Television Rights Fees     96,328,632     265,538,748   361,867,380
Post Season Bowls                    –     119,363,375   119,363,375
NCAA Funds/Conf Event                    –       22,946,835     22,946,835
Advertising     14,265,563                      –     14,265,563
Other Revenue       4,488,391         6,999,347     11,487,738
Investment Income                    –            313,688          313,688
Total Revenue   118,237,528     415,550,360   533,787,888
Expenses
Compensation of current officers, directors, trustees and key employees (including nontaxable benefits)       1,250,188         5,780,906       7,031,094
Compensation not included above to disqualified persons                    –                      –                    –
Other salaries and wages     21,680,802         4,452,423     26,133,225
Pension plan accruals and contributions (employer portion)          652,603         1,163,729       1,816,332
Other employee benefits       2,586,640         1,068,296       3,654,936
Payroll taxes       1,508,540            427,195       1,935,735
Legal fees          113,383         2,144,589       2,257,972
Accounting fees                    –            180,192          180,192
Other       6,592,773         1,150,777       7,743,550
Advertising and promotion          656,598            924,821       1,581,419
Office expenses          294,495            107,835          402,330
Information technology     10,016,327              92,637     10,108,964
Occupancy       6,962,263         1,560,000       8,522,263
Travel          554,982            555,386       1,110,368
Conferences, conventions and meetings            82,920            463,480          546,400
Depreciation, depletion and amortization     21,241,308            478,479     21,719,787
Insurance          821,353            340,080       1,161,433
Other Expenses
  Conference Events                    –         9,048,842       9,048,842
  Special Projects                    –         8,755,301       8,755,301
  Research and Education                    –         4,387,487       4,387,487
  Programming & Digital       2,380,347                      –       2,380,347
  All other Expenses       4,904,832         4,029,608       8,934,440
Total Other Expenses       7,285,179       26,221,238     33,506,417
Total Expenses     82,300,354       47,112,063   129,412,417
Grants to domestic organizations     35,539,000     367,435,418   402,974,418
Net Operating Expenses   117,839,354     414,547,481   532,386,835
Net Revenues over Expenses          398,174         1,002,879       1,401,053

Trevor Allen is a Utah Utes Insider for KSLSports.com and host of the Crimson Corner podcast. Follow him on Twitter: @TrevorASportsYou can download and listen to the podcast, here.

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Pac-12 Conference Releases 2019-20 Financial Results