Oregon St., WSU finalize with 10 exiting Pac-12

Mar 25, 2024, 04:49 PM ET

Oregon State and Washington State have settled a settlement over monetary circulations with the 10 schools leaving the Pac-12.

The departing schools will have $5 million kept during the 2024 for an overall of $50 million under the deal revealed Monday. The departing schools also will each pay a $1.5 million “extra contribution” to the conference that will be utilized by the staying schools to navigate an unsure future.The departing members will not be entitled to any income created after this year and will have no “vote, instructions input or other power with the conference’s usage, allotment of expenditure of the additional contribution.”

The settlement was accepted in principle late last year.

“We are pleased to settle an arrangement with OSU and WSU that supplies support for all our student-athletes while making sure an equivalent distribution of the large bulk of funds earned by all 12 schools throughout the 2023-24 academic year,” the 10 schools that are leaving said in a statement. “Under this agreement, our schools will have the right to vote on matters that affect all 12 schools this year, while OSU and WSU will have control over future Conference income and choices.”

The Pac-12 deciphered when 10 members opted to leave the conference for brand-new leagues next year, leaving only Oregon State and Washington State.The conference

‘s staying members will have a scheduling alliance with the Mountain West Conference for a minimum of 2024, possibly beyond. The schools will join the West Coast Conference as affiliate members in every sport except football and baseball the next 2 years.