Pac-12 schools are projected to receive payouts of $38.1 million by the 2023 fiscal year, a number that pales in comparison to the league’s Power 5 counterparts.
A report from Steve Berkowitz of USA Today highlights the fact that the Big Ten alone is paying schools $51 million this year.
Per @schotenboer, projections of Pac-12 distributions by Washington State show that they will be $38.1M per school in FY23. That stands to leave Pac-12 schools well behind other Power 5's — and a lot sooner than FY23: https://t.co/4hLkSMS2Xl
— Steve Berkowitz (@ByBerkowitz) June 12, 2018
From USA Today:
Even the Atlantic Coast Conference soon is expected to rocket past $40 million after previously ranking last in school payouts among the Power 5.
And that’s a problem for the Pac-12, which recently also has struggled on the national stage in football and men’s basketball.
“I think if you look at the overall athletic budgets of the top 25 largest [public] athletic budgets in the country, I think the Pac-12 only has two schools that are even on that list,” Washington State president Kirk Schulz told USA Today Sports. “I do think it’s harder to compete for coaches. It’s harder to build facilities. It’s harder to do the things we would like to do with less revenue coming in compared to [other leagues]. I do think it puts us at a disadvantage.”
Schulz, whose school provided the budget documents cited in the USA Today report, adds that each school needs to seek other avenues for revenue streams.
“As I told our fans, we’ve got to stop worrying what the Pac-12 is providing to the conference and start doing some of our own creative things to bring in additional revenue,” Schulz said.
Every other Power 5 conference’s payout, according to USA Today, is expected to exceed $40 million by the next decade.