Oregon State and Washington State reached an agreement in principle with the 10 departing Pac-12 schools to settle their ongoing legal battle over control of the conference’s board and assets, the 12 universities announced Thursday.
The outgoing schools have “agreed to forfeit a portion of distributions over the rest of the 2023-2024 year and provide specific guarantees against potential future liabilities,” Oregon State president Jayathi Murthy and Washington State president Kirk Schulz said in a joint statement. The conference will also retain its assets and all future revenues, they said.
The 10 departing schools said in a statement that the agreement “allows OSU and WSU to maintain control of the hundreds of millions of dollars coming into the conference in future years, as we have always maintained they would, while calling for the vast majority of funds earned in 2023-24 to be distributed equally among the 12 members.” The schools added that final details would be worked out “in the coming days.”
Last week, OSU and WSU regained control of the Pac-12 board and the conference’s assets following a decision by the Washington Supreme Court. The court declined to hear an appeal by the University of Washington and the Pac-12, subsequently lifting a temporary stay…
