THE DISTRIBUTED PAC-12 $19.8 million to its member schools in fiscal year 21, the conference announced Friday, after distributing $33.6 million in the previous fiscal year. The global pandemic that resulted in the shortened 2020 football season severely impacted results, as seen in Power 5 conference revenue.
Three of the Power 5 conferences — the Pac-12, Big Ten and Big 12 — were far more conservative in their approach to football games in 2020 than the SEC and ACC, as USA Today’s Steve Berkowitz notes. hereto play football matches in 2020.
The Pac-12 football season, which would normally consist of (at least) 144 regular season games, saw only 32 regular season contests in 2020. In comparison, the SEC played 147 regular season games in 2020.
The Pac-12 in a statement cited the loss of media rights payments from canceled football and basketball games and revenue from postseason bowling games, lower revenue from non-fan events and costs associated with Covid-19 health and safety protocols and testing. The loss of revenue was “somewhat offset by lower operating costs for Championship events due to the absence of fans, lower production costs for canceled matches and lower personnel costs related to reductions. pay, holidays and dismissals”.
To add proper context for the FY21 numbers, before the pandemic the Pac-12 was already in a precarious revenue position compared to its Power 5 brethren. But the disparity from the unprecedented football season of 2020 was profound. Here are the Power 5 revenue figures for FY21 and the gain/loss on FY20.
- Payment to schools: $19.8 million
- Revenues: $344 million; $190 million loss
- Payment to schools: Between $34.7 million and $36.5 million
- Revenues: $356 million; $53 million loss
- Payment to schools: between $35 million and $38.1 million
- Revenues: $578 million; $82 million win
- Payment to schools: Between $43.1 million and $49.1 million
- Revenues: $679 million; $89 million loss
- Payment to schools: $54.6 million
- Revenues: $833 million; $105 million win
“While the global pandemic has had a significant impact on our 2020-21 financial results, I am incredibly proud of our conference’s collective commitment to the health and safety of our student-athletes and all those connected to the Pac-12 sports,” said Pac-12 commissioner George Kliavkoff. “We are encouraged by the substantial return to pre-pandemic revenue and distribution levels that our 2021-22 financial results will show when released this coming year.”
THE PAC-12 NETWORK was hit hard in FY21. He televised only one Pac-12 football game (the only non-conference game played that season). The network typically televises 36 football competitions.
Revenue fell 64% from a year earlier as the Pac-12 network posted an operating deficit of $14 million. In fiscal 2020, it had a surplus of $36 million, though that’s still far, far below the revenue generated by the Big Ten Network and the SEC Network from conference ownership sharing. The Pac-12, unlike its fellow Power 5 members, fully owns its network, a decision made by former commissioner Larry Scott.
NOTICE: Speaking of Scott, the former calendar year 2020 commissioner received $3.7 million in salary. Although this represented a 20% decrease from the previous calendar year, he remained by far the highest paid commissioner in college sports. Scott in 2020 also accelerated the reported $4 million in bonuses (for himself and other Pac-12 executives). shortly before announcing the layoffs of 15 Pac-12 employees and furloughing 79 others. Scott through 2020 also continued on a $1.8 million interest-free loan, given to Scott by the Pac-12 when he was first hired in 2009. It was announced in January 2021 that Scott will not wouldn’t come back. In May 2021, Kliavkoff was appointed as the new commissioner.
Related: Pac-12 Changes Championship Game Selection Process