So guess which money pile President Gottfredson proposes to use to offset UO’s athletic subsidies? From reporter Ken Goe in the Oregonian, here:
Guess how much money Oregon and Oregon State made from the Pac-12 Networks last year. The answer is … none, as in zero. Zilch.
Oregon isn’t projecting any revenue from the Pac-12 Networks for the current fiscal year, either. That annual $20 million to $24 million in television money that was expected to come to the Pac-12 schools has been light so far.
That doesn’t mean the conference is bereft. There is still plenty of television money from other sources, thanks to the $3 billion, 12-year deal the conference signed with ESPN/ABC and Fox in 2011.
Craig Pintens, UO senior associate athletic director for marketing and public relations, said the Ducks received approximately $16 million from Pac-12 television deals in the 2012-13 fiscal year, up from approximately $9.8 million the year before.
President Gottfredson’s response to the Senate’s proposed legislation for an end to subsidies and some money for academic scholarships is here, including a recommendation from VPFA Jamie Moffitt and VP for Budget planning Brad Shelton.
Their plan – and Gottfredson’s? Ignore the $6M in ESPN money, and say that if the PAC-12 network ever turns a profit, then maybe UO should consider using an undetermined amount for academic student scholarships, after additional review and delay. From Moffitt and Shelton’s letter:
At the current time, the Conference is not in a position to distribute any proceeds from the PAC-12 Network. As the Network grows, however, if the situation were to improve and the Conference were able to distribute significant funds from this enterprise, we would suggest that these distributions be subject to a review process with the Provost, Athletic Director, Vice President for Finance & Administration, and Vice Provost for Budget & Planning to determine whether some portion of these funds could be transferred to the University for general use.
Gosh, I wonder what the Athletic Director will say?