Oregon State and Washington State have come to an agreement in principle with the 10 departing Pac-12 universities that will end ongoing litigation related to control of the conference, the 12 universities announced [last] Thursday. The agreement comes in the wake of the Washington state Supreme Court's decision last week not to review a lower court's decision that granted control of the Pac-12 board of directors to OSU and WSU. As part of the agreement, the 10 departing schools will forfeit an undisclosed portion of revenue distributions over the rest of the 2023-24 school year and have provided "specific guarantees against potential future liabilities."
"In September, as the two remaining members of the Pac-12 Conference, Oregon State University and Washington State University were forced to act swiftly to protect the future viability of the Pac-12. Thanks to the determination and strength of Beaver Nation and Cougar Nation and the excellence of our student-athletes, coaches and staff, we are now closer to achieving our goal," OSU president Jayathi Murthy and WSU president Kirk Schultz said in a joint statement. "Today's news marks a huge victory for our universities and a significant step toward stabilizing the Pac-12 Conference and preserving its 108-year legacy."
The Pac-12 will retain all its assets and future revenues, the presidents added...
Full story at https://www.espn.com/college-football/story/_/id/39164107/oregon-state-washington-state-settle-departing-pac-12-schools.
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*https://uclafacultyassociation.blogspot.com/2023/11/whos-in-control-part-4.html.
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