The additions of Oregon and Washington was announced Friday afternoon by the Big Ten. Both teams will begin play in the conference in 2024.
What was not announced; but has been reported by multiple outlets is the financial haircut (or discount) both programs agreed to in connection with admittance.
Current Big Ten teams receive distributions of approximately $60 million per year from the Conference. By 2030 current Big Ten teams are expected to receive over $70 million per year.
Oregon and Washington have reportedly agreed to terms that begin with them each receiving approximately half that number, around $30 million in year one. It has been reported that the number will grow to close to $40 million over the course of the next seven years when the Conference is scheduled to enter into a new TV contract. At that time both Oregon and Washington will begin to receive a full-share of Conference revenues.
Thus, over seven years, it appears each school will receive approximately $200 million less than fellow Big Ten universities. Quite a discount. Says a lot about the Pac-12's proposed economics.
Unquestionably this is a far better, and more stable landing spot for the two universities; but the discount involved makes clear how much stronger the Big Ten is than the conference formerly known as the Pac-12.
Late Friday night Oregon President Karl Scholz announced they anticipate receiving an average of $50 million annually. As stated above, they begin around $30 million and end around $70 million.