A couple of days later, we can only sketch the latest extraordinary situation to whack the Pac-12.
We know two participants in the financial wrongdoing revealed Friday have been terminated: CFO Brent Willman and Pac-12 Networks president Mark Shuken.
That might be the only sliver of good news for the conference in this matter. Two highly influential media companies that stand to play a critical role in the future of the conference — by potentially partnering with the Pac-12 on a media rights contract — were not impacted by the impropriety of the past.
The other question, of course, is the disclosure piece: Who else knew? Or did Shuken and Willman keep the situation to themselves? The distributor has filed a claim. The Pac-12 has conducted an investigation and fired two executives. Obviously, there is wrongdoing. The next step could be additional audits, a settlement, a lawsuit or whatever lies behind curtain No. 4.
If, for example, $50 million is withheld over the course of the current and upcoming fiscal year, that’s $2.1 million per school per year — a significant amount, but not budget-crushing for the athletic departments.
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