WSU, OSU block Pac-12 revenue payments to departing conference schools

[Yo_Mama_Been_Loggin]

Washington State University and Oregon State have cut off conference revenue payments to departing Pac-12 schools in their ongoing fight to control what remains of the athletic conference.

This distribution of about 15% of a reported $61 million in midseason conference revenue to all schools is traditional, but not explicitly stated in the conference bylaws, according to The Athletic.

In a statement to the Portland Business Journal, both WSU and OSU defended their decision to block the payments by calling it a “responsible step to protect the assets of the conference and plan for the future.”

“No member acting in the Pac-12’s best interest would allow departing schools to drain the Conference’s assets on their way out the door, while they refuse to pay their fair share of the liabilities,” continued the schools in their joint statement.

https://www.bizjournals.com/seattle/news/2023/12/12/wsu-osu-pac12-block-payments-revenue-departing.html

[SarahD]

1. Money is supreme

College sports seem so corrupt now. Teams change conference for a bigger payday. So.ething seems fundamentally wrong with that.

[Sewa]

2. Good

The cut n runners don’t deserve any of the money

[Xavier Breath]

3. That's great, serves them right.

Stick it to those money-grubbing bastards.

[mommymarine2003]

4. Glad to see WSU and OSU stand their ground.

As a WSU alum and former employee of the WSU Athletic Dept., as well as having lived in Corvallis for 3 years when my father taught at Oregon State, I hope that these schools get justice and can keep most of the assets to continue as the PAC-2 while they explore what will be best for them as they move forward. I have felt like I have been in mourning ever since the breakup this summer, as I know how hard WSU worked/works to to be successful while working with less funds than so many of the other schools in the conference. To break up a conference that had such history breaks my heart. I am so thankful that I got to cheer on the Cougars in the Rose Bowl. I have many friends and family who attended Oregon and Washington who are very saddened by this. Some don't plan to attend any more games at those schools. Money/greed has really hurt college athletics.