Oregon State and Washington State reach Pac-12 settlement with departing schools

The legal wrangling over who controls the Pac-12’s board and assets is over.

The 12 schools currently in the conference released a statement Thursday night saying that they had reached a settlement regarding their legal fight for who gets what in the conference. The settlement comes after the Washington Supreme Court ruled in favor of Oregon State and Washington State — the two remaining Pac-12 members after the 2024 school year — and said they had control of the conference’s revenue and assets.

Per a statement from Oregon State president Jayathi Murthy and Washington State president Kirk Schulz, the 10 teams leaving the conference at the end of the spring sports season agreed to “forfeit a portion of distributions over the rest of the 2023-2024 year and provide specific guarantees against potential future liabilities.”

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.The Pac-12's assets are estimated at around $400 million.

https://sports.yahoo.com/oregon-state-and-washington-state-reach-pac-12-settlement-with-departing-schools-014834788.html