Report: Pac-12 CEO Group considering contract buyout for commissioner Larry Scott
The Pac-12 is in danger of being left behind by the other Power 5 conferences in terms of revenue and TV exposure.
The Pac-12 Network is only available in around 18 million households in the country, and commissioner Larry Scott is taking most of the blame from critics. Now, his time with the conference could be coming to a premature end.
Scott’s contract is set to expire in 2022, but according to a report by The Oregonian’s John Canzano, conference leaders are discussing buying out Scott’s contract before then:
“There’s serious talk amongst the Pac-12 CEO Group,” said one high-level conference administrator, “to end his contract ahead of the expiration date to have a fighting chance to save the (conference) Networks.”
As the world continues to be affected by the COVID-19 pandemic, another issue involving Scott is pay cuts for high-earning employees. Per Canzano’s report, Scott only took a 12% cut, while others living in the expensive Bay Area of California who make much less were taking cuts between 5-10%:
The salary reductions were effective immediately and will remain in effect for the next 12 months. Employees making six figures received pay reductions ranging from 5-10 percent. Scott, who makes $5.3 million, revealed in the email that he’d be taking a compensation reduction of 12 percent.
“You do the math,” one long-time Pac-12 employee said, “people are trying to survive in SF. Simply put, (Scott) should have cut his salary in half and saved the staff from cuts that crush staffers.”
How much longer will Scott be in charge of the Pac-12? That remains to be seen, but it seems frustration with his leadership is reaching an all-time high.