BC-US--Pac-12-Spring Meetings,1st Ld-Writethru, US
Pac-12 revenue fell by $12 million in 2018 to $497 million because the conference could not make up for lost Rose Bowl revenue from when the game hosted a College Football Playoff semifinal after the 2017 season.
Payouts to member schools rose 5% to $31.2 million each as conference distributions included money held back from Rose Bowl payments in the previous two years.
After its spring meetings concluded Monday, the Pac-12 released its latest financial records and announced that its university presidents had approved three measures:
— Standardizing nonconference schedules in men’s basketball to avoid weaker opponents;
— Eliminating the year of lost eligibility for athletes who transfer within the conference;
— Extending by five years the $3.6 million in annual funding to the conference’s Student-Athlete Health & Well-Being Initiative