According to John Canzano, schools in the Pac-12 have agreed to the language of the conference’s next Grant of Rights. The agreement includes revenue split, sponsorships for the conference, and what sponsorships each university can pursue, amongst other issues, Canzano notes in his report.
The report comes as the Pac-12 and its programs sans USC and UCLA negotiate the conference’s newest media rights deal. The Pac-12’s current deal will expire on July 1 of next year. The conference’s next year media rights deal has been a work in progress over the last year plus with the latest rumors about the deal including the dropping out of ESPN in negotiations.
It is still currently unclear when a new media rights deal will be completed for the conference though the expectation is that it will be completed this summer at some point. Last August, the Big Ten completed a seven-year, media rights deal with CBS, Fox, and NBC that is expected to pay over $8 billion during the life of the contract.
The SEC also recently negotiated a television deal with ESPN which includes games on ABC for 10 years, paying out a total of $7.1 billion.
The ACC is currently locked into a deal with ESPN through the 2036 season while the Big 12’s extended their contract last fall with Fox and ESPN through the 2030-31 seasons.
As the Pac-12 negotiates its next media deal, it also deals with the potential of additional universities leaving the conference. Arizona, Arizona State, Colorado, and Utah have been discussed as possible additions to the Big 12. Additionally, San Diego State was reported as a “shoe-in” to join the conference according to reports earlier this spring.