“We do have a plan, and hopefully we can execute that plan sooner than later,” Yormark said in Dallas. The Pac-12 schools never received that offer, prompting the May meeting between DiStefano, George and Yormark in Chicago.Įarlier this month at Big 12’s media days, Yormark said the league has an expansion plan. And I’m confident it’s going to be fine.” What I’ve said along with the other (Pac-12) presidents and chancellors is we’re not going to even think about going anywhere, none of us, until we see what kind of offer we get (from the Pac-12) and that’s still being worked out. In April, DiStefano told USA Today that Colorado was “committed to the Pac-12.
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“In a perfect world, we’d love to be in the Pac-12, but we also have to do what’s right for Colorado at the end of the day,” George told the Boulder Daily Camera.Ģ023 Pac-12 Odds, Picks, Conference Preview: How to Bet USC, Colorado, Washington & More Read now Two months ago, George hinted to the Boulder Daily Camera a move might be possible. Kliavkoff said he was confident in all his schools’ commitment to staying together.ĭespite Kliavkoff’s optimism, Colorado had been considering a move back to the Big 12 for months, sources said. Two days later at Pac-12’s media day in Las Vegas, Kliavkoff said the Pac-12 wasn’t announcing a deal “on purpose today” but then later backtracked and wouldn’t confirm a deal was finalized. That’s our goal.”ĭiStefano also told the Post he was eager to hear what Kliavkoff had to say about the upcoming media rights. Last Wednesday - two days before the Pac-12’s media day - DiStefano told the Denver Post, “at this point, the 10 (remaining Pac-12) schools are staying together” and CU’s “goal is to stay within the Pac-12 and have a media deal coming up shortly. Then in the past few weeks, school officials met with Colorado’s largest donors, and the donors supported the Buffs’ move to the Big 12, sources said. In early May, Colorado chancellor Phil DiStefano and Colorado athletic director Rick George met with Yormark in Chicago, sources said, to discuss the possibility of the Buffs’ return to the Big 12. Officials at Arizona State and Utah also have had informal conversations with Big 12 representatives and officials, sources said. The most likely candidates are Arizona, Arizona State and Utah.Īrizona president Robert Robbins met with Yormark in Houston during the Final Four, sources said.
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In 2024, Colorado also will receive a full Big 12 revenue share, including media rights and other league revenue, estimated to be about $42 million, a source said.Ĭolorado’s departure for the Big 12 could start an exodus of more Pac-12 schools to the Big 12, sources said. That’s the same amount each Big 12 member will receive. In the Big 12, Colorado will receive $31.7 million annually in media rights revenue (not including other league revenue from College Football Playoff, etc.) once the Big 12’s new six-year, $2.3 billion Grant of Rights deal with ESPN and FOX begins in 2025, sources said. ET.Ī member of the Pac-12 since 2011, Colorado decided to return to the Big 12, sources said, because of several reasons: the Big 12’s stability under commissioner Brett Yormark a more lucrative financial outlook in the Big 12 the uncertainty of the Pac-12’s future without USC and UCLA and the inability of Pac-12 commissioner George Kliavkoff to secure a new Grant of Rights deal in the past 12 months. CU's Board of Regents will meet for a second consecutive day on Thursday from 5-6 p.m. The Buffaloes will formally apply for Big 12 membership on Thursday, when the Big 12’s Board of Directors will approve the Buffs to begin Big 12 play in 2024, sources said.Īn announcement is expected Thursday, pending official approval from the school's Board of Regents, a source said.
Colorado is leaving the Pac-12 to return to the Big 12, sources told Action Network.
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