(AP Photo/Ralph Freso, File)
SAN FRANCISCO (AP) The Pac-12 Conference suffered a 36% decrease in revenue for the 2020-21 fiscal year due in large part to pandemic-related cancellations in football and basketball.
The conference announced Friday that it had total revenues of $344 million and distributions to member schools of $238 million. The $19.8 million payouts per school represented a drop of 41% from the previous year.
The Pac-12 said the drop-offs stemmed from decreases in media rights and postseason bowl revenues due to game cancellations, lower event revenue with no fans and increases in costs for COVID-19 health and safety protocols.