New Pac-12 To Share Revenue; USC, UCLA Get Provision
SAN FRANCISCO (AP) -- USC and UCLA got some protection as both schools will get a $2 million bonus if the conference media revenues fall below $170 million.
The conference currently generates about $60 million a year in television revenues, but that is expected to rise significantly when a new television deal is negotiated.
The conference will also control all television and Internet rights for its schools for the first time.
"There was robust, spirited dialogue about all of these things," Scott said. "These are very important matters that we were dealing with. I'm just really pleased with the way everyone came together and realized we're building an enterprise that's about to scale in a way these schools have never been part of. It wasn't hard to get people to agree. The fact they agreed unanimously was a very strong statement."
The new Pac-12 conference will switch from an appearance-based model where the Los Angeles schools traditionally earned more money to an equal sharing of football television revenues when a new TV deal kicks in starting in September 2012.
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