Washington State president Kirk Schulz will formally present a proposal to College Football Playoff leaders in a meeting next week that requests the Pac-12 be treated as a power conference in both revenue and voting rights for the extended future, he told Yahoo Sports.
In an interview on Tuesday, Schulz confirmed Yahoo Sports’ Feb. 4 report of the proposal and said he’s been granted a hearing to pitch the plan to the CFP Board of Managers, of which he is a member as the Pac-12’s representative. The virtual meeting is set for Tuesday.
In the proposal, the Pac-12, which will be made up of Washington State and Oregon State after this season, is asking the CFP to guarantee the same league revenue distribution amounts and voting privileges as other power conference programs starting in 2026, the first year of a potential new CFP contract.
“We’ve been an Autonomy Five school and have resourced ourselves at that level for 25-30 years,” Schulz said. “Just because we were left standing in musical chairs, we just don’t feel that we should be relegated by no fault of our own.”
In its current revenue model, the CFP distributes about $6 million annually to those programs in power leagues. Those in the Group of Five earn about $1 million in distribution.
The Pac-12 and its two members have been guaranteed the $6 million payment for 2024 and 2025, Schulz said. However, there is no contract beyond the 2025 playoff. While the organization is finalizing an agreement for a six-year extension with partner ESPN, there remains no adopted revenue-distribution model or other framework starting in 2026 and beyond.
Will the Pac-12 be able to rebuild itself or is it dead in the water? (Photo by Ric Tapia/Getty Images)
Schulz’s proposal is at the center of a delay in an important vote from the CFP Board of Managers, made up of…
Source link : https://sports.yahoo.com/wsus-kirk-schulz-to-propose-to-cfp-leaders-that-pac-12-be-treated-as-power-conference-for-extended-future-235801633.html
Author : Yahoo Sports
Publish date : 2024-02-13 23:58:01
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