Pac-12 Network: Impact of Recent Executive Firings
Recent news reports disclosing the firing of two, top-level Pac-12 Network officials (due to creative accounting practices they used to overstate the network's TV revenue by $50 million) will likely have a downward impact on the amounts offered the league in future television deals. Maybe even some clawbacks on payments already made.
All this leaves me wondering . . . (1) If current P12 Commissioner George Kliakoff has any first thoughts about having landed a job of such Titanic proportions . . . and calculations about when he might look for a life raft. (2) If the league will claw back some of the big money it paid to former P12 Commissioner Larry Scott who presumably knew, or should have known, about the fraud. (3) If those complainers at USC or UCLA who wish the two schools were staying in the Pac-12 have any second thoughts.
Last Edit: Jan 21, 2023 10:07:08 GMT -8 by Trojangles
Reportedly, the clawback of overpayments made to the Pac-12 due to the league double billings over the past ten years will be paid to Comcast via future withholding of some $50 million in charges over the remaining two years of the contract.
Estimated to cost each member school about $2 million per year in reduced payments.
Last Edit: Jan 25, 2023 7:57:57 GMT -8 by Trojangles