![]() Those get paid out over six-year periods. The conference is estimated to have about $70 million in payments owed to it from NCAA men’s basketball tournament units. The filing said the departing members are incentivized to dissolve the conference, which would allow all the schools to split millions in remaining assets.Īccording to the filing, the Pac-12 ended fiscal year 2022 with $42.7 million in total net assets. Officials from both schools have repeatedly said their first choice moving forward would be to preserve the Pac-12 brand and rebuild the conference. The future of the Pac-12 must be determined by the remaining members, not by those who are leaving.” “WSU and OSU are working in lockstep to identify the best path forward. “We owe it to our student-athletes, coaches, and fans to do everything in our power to protect the Pac-12 Conference and explore all future options,” Washington State President Kirk Schulz said. ![]() The Pacific Northwest schools said Kliavkoff has called members of the board, including the departing schools, to meet Wednesday to vote on a “go forward governance approach.” Oregon State and Washington State contend conference bylaws make clear that by announcing intent to leave, the other schools forfeited a right to vote on league matters. In this instance that’s Oregon State University, Washington State University and their presidents.” “Ten schools have made public declarations that they are leaving the conference, and based on the existing bylaws, the board of the Pac-12 going forward is the institutions that remain. “Washington University and Oregon State University are asserting our rights,” Washington State athletic director Pat Chun told The Associated Press in a phone interview. It requests a temporary restraining order that would keep departing members of the Pac-12 board of directors from meeting next week and taking any action regarding the status or governance of the conference, according to a news release from Oregon State and Washington State. The breach of bylaws complaint was filed in Whitman County. Oregon State and Washington State on Friday filed a complaint in Washington state court against the Pac-12 and Commissioner George Kliavkoff, seeking to prevent departing members from getting in the way of their efforts to rebuild the disintegrating conference.
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