Steve Berkowitz has the story in USA Today, here. $3.5M for Larry Scott – not bad for running what the IRS still considers to be a non-profit organization:
The conference reported just over $374 million in total revenue for a fiscal year ending June 30, 2014 — a figure that includes income from the wholly conference-owned Pac-12 Networks; the conference’s marketing and media arm, Pac-12 Enterprises; and Pac-12 Broadband Network. (Under IRS rules, a non-profit must report its revenue and expense data based on its fiscal year; but it must report compensation data based on the calendar year completed during its fiscal year).
While the Pac-12’s payouts to its schools have grown substantially during the past two years, the expenses associated with its television and marketing ventures mean that in 2013-14, Pac-12 schools continued to get smaller shares of conference revenues — about $21.2 million per school — than did schools in the Big Ten, which distributed about $27.6 million per school receiving a full share.
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