Pac-12 reports drastic revenue decrease in 2024-25 after conference realignment
When a groundbreaking wave of conference realignment swept college athletics ahead of the 2024-25 school year, the Pac-12 got caught in the middle. Only Oregon State and Washington State remained, and they began the process of rebuilding the league. Following the wave of departures, the Pac-12 – as expected – reported a significant decrease in revenue.
The conference’s tax return, obtained by USA Today , showed just how much it was impacted after the landscape transformed. SUBSCRIBE to the On3 NIL and Sports Business Newsletter The Pac-12 reported $111. 5 million in revenue in fiscal year 2025, which was a drastic decrease from the $556.
6 million in revenue during the previous fiscal year, according to USA Today . A big reason for that decline was the conference’s new-look TV deal with The CW and FOX Sports . Rights fees dropped from $381 million in fiscal year 2024 to just $3 million in 2025 when the league went to just two members.
As a result of the revenue decreases, the Pac-12 reported a $21. 7 million and $133. 2 million in expenses.
In a press release Friday, the conference said fiscal year 2025 “is the first of two build-up years ahead of the Pac-12’s launch as a new conference beginning with the 2026-27 season. ” Pac-12 preparing for new era FY24 was the last academic year for the Pac-12 as a 12-member conference before losing 10 programs to the Big Ten, Big 12 and ACC in a historic round of realignment. From there, commissioner George Kliavkoff was out and Teresa Gould was in, and the rebuild began.