The Pac-12 is reportedly considering selling equity in the conference to private investors in order to keep pace with the other Power Five conferences.
According to John Canzano of The Oregonian on Saturday, Pac-12 officials discussed the possibility at a meeting in November and then addressed it again during a December conference call.
The plan, which is being referred to as Pac-12 NewCo, would sell a 10 percent stake in the conference to investors in exchange for $500 million.
This article will be updated to provide more information on this story as it becomes available.