Pac-12 Releases Annual Revenue Distribution Numbers
May 19, 2023, 1:44 PM | Updated: 1:48 pm
SALT LAKE CITY – The Pac-12 Conference had a record year for revenue in 2021-22, the first reported year after the COVID-19 pandemic.
On Friday, the conference announced its financial performance for the financial year of 2021-22, and it came out to a record revenue of $581 million. Plus, a record distribution to the 12 universities for a total of $444 million.
Some more positive news for the #ConferenceOfChampions as we await news on their media rights negotiations.
Will be interesting to see how things wrap up for the #Pac12. pic.twitter.com/kUSe3H4TlG
— Michelle Bodkin (@BodkinKSLsports) May 19, 2023
Record $37 million for each Pac-12 institution from 2021-22
The per-team distribution came out to $37 million for each member institution.
“We are pleased to have generated record revenues and distributions for our members in this first reported year coming out of the pandemic,” said Pac-12 Commissioner George Kliavkoff. “These revenues are used by our campus athletic departments to provide invaluable support to our over 7,000 student-athletes annually and to fulfill our mission to develop the next generation of leaders.”
The increase in per-team distributions is up 10% from the pre-pandemic 2019-20 financial results.
From the Pac-12’s release, the conference generated $385,600,985 in television rights fees for the 2021-22 year. They also generated another $124 million from post-season bowls.
Where the distribution stacks among the Power Five
USA Today sports reporter Steve Berkowitz reported on Friday that the Pac-12’s per-team distributions of $37 million were the lowest in the Power Five. The Big Ten Conference leads the way with $58.8 million per team. Followed by the SEC at $49.9, and the Big 12 after that at a reported $42 to $44.9 million. The ACC is at $37.9 to $41.3 million, per Berkowitz’s report.
B1G: $58.8M, with slightly less for Neb, UMd, Rutgers
Big 12: $42M to $44.9M
ACC: $37.9M to $41.3M
Pac-12: $37M https://t.co/3l2MPcek23
— Steve Berkowitz (@ByBerkowitz) May 19, 2023
The Pac-12 Conference will go down to 10 members beginning in 2024 after USC and UCLA leave for the Big Ten. Pac-12 has been in talks with potential partners for a new media rights package that will begin in the 2024-25 academic year.
University of Washington President and Chair of the Pac-12 Board of Directors Ana Mari Cauce issued a statement regarding the Pac-12’s financial results for the 2021-22 year.
“The record financial results announced today position the Pac-12 for future growth and success as we continue our media rights discussions. Most importantly this growth enables us to provide best-in-class support for our student-athletes, from health and well-being to academic and athletic education, training and opportunities.”
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