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Report estimates financial impact of USC, UCLA departures had on new Pac-12 media deal
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Everyone knows that losing USC and UCLA was going to have a huge impact on the Pac-12 media deal. Now, there is a numerical value to it per Stewart Mandel of The Athletic.
A report was presented by the UC Board of Regents on Tuesday detailing the impact that the departure is going to have on the deal. The new deal was estimated at $500 million per year, and will now be estimated at $350 million per year. UCLA is losing $10 million a year alone.
This report estimates that USC represented 30 percent of the Pac-12’s media rights. New TV deal was estimated at $500M./yr. So USC’s departure dropped it to estimated $350M, a loss of $10M per year for UCLA and Cal.
— Stewart Mandel (@slmandel) August 17, 2022
It can hard to recover from losing 2 programs like USC and UCLA. It’ll be interesting to see what else comes out from the report in the coming days.
Grant Bricker covers the B1G for Saturday Tradition. His previous stops include the Williamson Homepage and Nashville Post.