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Pac-12 suffered a 36% decrease in revenue for 2020-21

PAC 12 to require weekly COVID-19 testing
Posted at 12:46 PM, May 21, 2022
and last updated 2022-05-21 15:46:00-04

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 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.