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Pac-12 Networks financial mess: On the hook for $50 million in overpayments
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bryanw1995 Online
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Post: #21
RE: Pac-12 Networks financial mess: On the hook for $50 million in overpayments
(01-25-2023 06:02 PM)JRsec Wrote:  
(01-25-2023 05:37 PM)Poster Wrote:  Honestly, I suspect they’re making this revelation public just as an excuse to get rid of the conference network. Which I don’t blame them for in the least.

Making it public at least gives them that option. But remember, they were going to have to tell the schools they would be getting less so, they needed to get out ahead of it. It's the only way they could blunt the ability of the schools to use it as an excuse for further departures.

Another $2m off the table...talk about rubbing salt in the wounds of their member institutions. It's only for a couple years and unlikely to result in further defections, but still...man, the optics of this are just horrible. The absolutely most charitable way you can view this is that Larry Scott was such a hard-charger that his lieutenants were afraid to tell him that the PACN was even worse than they thought it was.
01-25-2023 08:42 PM
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Gitanole Offline
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Post: #22
RE: Pac-12 Networks financial mess: On the hook for $50 million in overpayments
(01-25-2023 08:42 PM)bryanw1995 Wrote:  
(01-25-2023 06:02 PM)JRsec Wrote:  
(01-25-2023 05:37 PM)Poster Wrote:  Honestly, I suspect they’re making this revelation public just as an excuse to get rid of the conference network. Which I don’t blame them for in the least.

Making it public at least gives them that option. But remember, they were going to have to tell the schools they would be getting less so, they needed to get out ahead of it. It's the only way they could blunt the ability of the schools to use it as an excuse for further departures.

Another $2m off the table...talk about rubbing salt in the wounds of their member institutions. It's only for a couple years and unlikely to result in further defections, but still...man, the optics of this are just horrible. The absolutely most charitable way you can view this is that Larry Scott was such a hard-charger that his lieutenants were afraid to tell him that the PACN was even worse than they thought it was.

I wondered about that, too.
Yesterday 12:03 AM
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bryanw1995 Online
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Post: #23
RE: Pac-12 Networks financial mess: On the hook for $50 million in overpayments
https://www.espn.com/college-football/st...kelly-2022

If this had been the PACN, they'd still be overpaying him in 2026.
Yesterday 12:10 AM
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JRsec Offline
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Post: #24
RE: Pac-12 Networks financial mess: On the hook for $50 million in overpayments
(Yesterday 12:03 AM)Gitanole Wrote:  
(01-25-2023 08:42 PM)bryanw1995 Wrote:  
(01-25-2023 06:02 PM)JRsec Wrote:  
(01-25-2023 05:37 PM)Poster Wrote:  Honestly, I suspect they’re making this revelation public just as an excuse to get rid of the conference network. Which I don’t blame them for in the least.

Making it public at least gives them that option. But remember, they were going to have to tell the schools they would be getting less so, they needed to get out ahead of it. It's the only way they could blunt the ability of the schools to use it as an excuse for further departures.

Another $2m off the table...talk about rubbing salt in the wounds of their member institutions. It's only for a couple years and unlikely to result in further defections, but still...man, the optics of this are just horrible. The absolutely most charitable way you can view this is that Larry Scott was such a hard-charger that his lieutenants were afraid to tell him that the PACN was even worse than they thought it was.

I wondered about that, too.

The whole thing was a cluster mess. I doubt Scott wanted to be bothered with the mundane until he needed scapegoats and then he had interest. But since this didn't out while he was there, I doubt he ever knew about this. It's about the right amount of time for Kliavkoff to be figuring out where to look for answers. I'd say he is more likely to have uncovered this. And yes, getting it out there keeps it from sticking to his skirt and it blunts its impact a wee bit. As far as it keeping anyone from bolting it only lessens the impact of using this as an excuse. Refusal to sign a new GOR simply means the schools will keep all options open. I'll be surprised if they sign a new GOR that doesn't put them on par with the New Big 12.
Yesterday 12:18 AM
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