LARRY SCOTT (USATodaySports/Lee)

Pac-12 finances in FY16 make plain: The Pac-12 is falling well behind in the Power 5

THE FINANCIAL GAP BETWEEN the Pac-12 and the SEC and Big Ten continues to grow. With the release of the conference's federal tax return on Tuesday, The Mercury News' Jon Wilner, who covers the conference's financials better than anyone, breaks it all down.

The SEC in FY16 blew everyone away.

Fiscal year 2016 school distributions

SEC: $40.5 million
Big Ten: $34.8 million
Pac-12: $28.7 million
Big 12: $28.45 million

Fiscal year 2015 school distributions

SEC: $32.7 million
Big Ten: $32.4 million
Pac-12: $25.1 million
Big 12: 23.4 million

SOME GOOD NEWS for the Pac-12: it increased its distribution to schools by 14.3 percent (70.5 percent of revenues). The payouts, per Wilner:

Arizona: $28,667,393
Arizona State: $28,675,727
Cal: $28,694,399
Colorado: $28,563,010
Oregon: $28,615,973
Oregon State: $28,648,362
Stanford: $28,759,182
UCLA: $28,693,811
USC: $28,705,062
Utah: $28,659,095
Washington: $28,646,300
Washington State: $28,616,518

THE PAC-12 NETWORKS reported $128 million in income, a 10 percent year-over-year increase. But the network's expenses aren't detailed.  It has been earlier estimated the Pac-12 Network provides $1.5 million a year to each school, compared to $7.5 million per school by the SEC Network and (at least) $10 million per by the Big Ten Network.

THE PAC-12's total revenue increased to $488 million in FY16, from $439 million in FY15. The jump was largely due to a $15 million bump in media rights and a $27 million increase in bowl revenue (first year of combined CFP and Rose Bowl payouts).
Expenses, which include the payouts, were $481 million.

COMMISSIONER LARRY SCOTT earned $4.2 million in total pay in 2015 (calendar year), USA Today reported Scott received $2.65 million in base compensation, a $1.3 million bonus and just over $155,000 in other reportable compensation. Scott remains the highest-paid commissioner. The Pac-12 presidents and chancellors earlier this year extended his agreement through June 2022.

"Meanwhile, outgoing Pac-12 Networks president Lydia Murphy-Stephans — she is stepping down next month — took home a cool $1.3 million. As usual, there were a half-dozen or so extremely well-compensated (i.e., $500,000+) senior-level leaders. This, of course, is not a new issue. If you’ve been outraged by Pac-12 salaries in the past, rage on — nothing has changed," writes Wilner.

For the full article, click here

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