Pac-12 Commissioner Larry Scott is stepping down at the end of June, ending an 11-year tenure in which the conference landed a transformational billion dollar television deal but struggled to keep up with some of its Power Five peers when it came to revenue and exposure.
Sports Business Journal first reported the news Wednesday night and a person with knowledge of what was being called a mutual decision between the 56-year-old Scott and university presidents who make up the league’s executive committee confirmed it to AP.
RELATED: Larry Scott has CU Buffs, Pac-12 peers playing the long game. But will it pay off?The person spoke on condition of anonymity because an official statement from the conference was expected later Wednesday night.
Scott’s current contract was set to expire June 2022, but he will not seek a new deal and instead finish out this academic to assist with the transition to his successor.
Under Scott, the Pac-10 became the Pac-12 by adding Colorado and Utah to the conference in 2011 and created a football championship game. The additions helped the conference secure a 12-year $3 billion media rights deal with Fox and ESPN that set the standard in the college sports market at the time.
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