[BostonCard]

The financial issues are primarily due to Muir's mismanagement of the department's budget. He didn't take sufficient account of the declining revenues from the conference as the P12 Network imploded, and continued to spend like a dunken sailor. Regardless of how this turns out, Drell & Tessier-Lavigne should be looking for a new and more fiscally responsible AD.

I don't think the Pac-12's revenues have declined, unless you mean specifically about 2020:

https://pac-12.com/article/2020/07/10/pa...al-results

For the six-year period since 2012-2013 when the Pac-12 began its media rights agreements with ESPN and Fox and launched the first and only member-owned conference network, annual member distributions have increased by 70% ($228M to $387M) and annual total revenues have increased by 59% ($334M to $530M).  The compounded annual growth rate for member distributions and total revenues over the six-year period was 9% and 8%, respectively.  The ESPN and Fox partnerships that began in 2012 resulted in more than four times the annual revenue of the prior Pac-12 media rights agreements.

The issues are:
1) Expenditures have increased faster than revenues
2) Revenues have stayed behind those of other Power 5 conferences, leaving the Pac-12 behind in the arms race
3) Revenue growth probably will grow more slowly going forward due to demographic and media consumption activities, and may at some point peak and decline

But I haven't seen anywhere that says that the revenues from the conference are declining (other than in 2020, but I don't think those results will be announced until the summer, and there is a good reason for that).

Wilner (who for all his faults has done some good reporting on the Pac-12 finances) reports the following based on Colorado's projections (link):

FY20: $33.7 million (per school)
FY21: $20 million
FY22: $37.2 million
FY23: $38.7 million
FY24: $40.6 million


So, yes, revenue cratered in 2020 because of COVID-19, but it is expected to recover and there is no evidence that revenue imploded due to the Pac-12 network.  By my calculation, going forward there's a projected compound growth rate of 4.8% per year through 2024 in the league's distribution.

BC

[BostonCard]

The financial issues are primarily due to Muir's mismanagement of the department's budget. He didn't take sufficient account of the declining revenues from the conference as the P12 Network imploded, and continued to spend like a dunken sailor. Regardless of how this turns out, Drell & Tessier-Lavigne should be looking for a new and more fiscally responsible AD.

I don't think the Pac-12's revenues have declined, unless you mean specifically about 2020:

https://pac-12.com/article/2020/07/10/pa...al-results

For the six-year period since 2012-2013 when the Pac-12 began its media rights agreements with ESPN and Fox and launched the first and only member-owned conference network, annual member distributions have increased by 70% ($228M to $387M) and annual total revenues have increased by 59% ($334M to $530M).  The compounded annual growth rate for member distributions and total revenues over the six-year period was 9% and 8%, respectively.  The ESPN and Fox partnerships that began in 2012 resulted in more than four times the annual revenue of the prior Pac-12 media rights agreements.

The issues are:
1) Expenditures have increased faster than revenues
2) Revenues have stayed behind those of other Power 5 conferences, leaving the Pac-12 behind in the arms race
3) Revenue growth probably will grow more slowly going forward due to demographic and media consumption activities, and may at some point peak and decline

But I haven't seen anywhere that says that the revenues from the conference are declining (other than in 2020, but I don't think those results will be announced until the summer, and there is a good reason for that).

Wilner (who for all his faults has done some good reporting on the Pac-12 finances) reports the following based on Colorado's projections (link):

FY20: $33.7 million (per school)
FY21: $20 million
FY22: $37.2 million
FY23: $38.7 million
FY24: $40.6 million


So, yes, revenue cratered in 2020 because of COVID-19, but it is expected to recover and there is no evidence that revenue imploded due to the Pac-12 network.  By my calculation, going forward there's a projected compound growth rate of 4.8% per year through 2024 in the league's distribution.

BC