Pac-12 Releases Statement on Media Rights Amid Conference Realignment

On Tuesday, less than a week after longtime members USC and UCLA left the conference for the Big Ten, the Pac-12 released a statement saying that its board of directors have authorized the league to immediately start negotiations for its next media rights agreements.

The Pac-12’s current media rights deal was set to expire in 2024. The immediate future of the conference is fraught, with numerous potential outcomes including a potential merger with the Big 12, per reports.

The Pac-12 reportedly had a projected AAV of $500 million per year—or $42 million per school—before USC and UCLA left. Now, that number is $300 million ($30 million per school), per the San Jose Mercury News. It’s unclear…