From Bud Withers at the Seattle Times:
Pac-10 commissioner Larry Scott is counting on a fast resolution at the league's game-changing meeting of presidents Thursday in San Francisco, but the matter of a monetary threshold for equal revenue sharing among members still looms as a key issue.
Sources familiar with the Pac-10's recent discussions over the expansion issues say the presidents will vote on a proposed $2 million-per-year payout apiece for USC and UCLA above the other 10 members of the new Pac-12 until the year that combined broadcast revenues reach a certain threshold. Then the 12 members would share equally.
That threshold is still in question, and probably will range from $130 million to $170 million annually. Consensus on the number could be fine-tuned already, as Scott is known to have had back-channel talks with presidents as a result of groundwork laid by athletic directors in recent months.
The Pac-10 announced late last week that an 11:30 a.m. news conference with Scott will follow the meeting of the presidents. That indicated confidence the commissioner will emerge relatively quickly with resolution on the key issues of divisional alignment and revenue sharing.
All of this of course depends on what exactly a new negotiated Pac-10 TV deal looks like determining that "certain threshold" when equal sharing kicks in. Currently Pac-10's combined football/basketball deals are worth only about $53 million annually. Larry Scott is hoping to up that range to somewhere between $130 million to $170 million (as pointed out in the excerpt above).
I think it would be very helpful if Dan Guerrero can explain to UCLA alums, students and athletic supporters exactly how all of this will be helpful for UCLA in the long term. The extra chunk of change is nice but I am still not clear if that is enough and how it will help the long term outlook for our athletic programs.
We will withhold the final judgment on all this until a new deal is negotiated. At this point lot of the rosy scenarios are being painted on hypothetical projections than concrete facts. Either way, I am sure everyone in LA cannot wait till the exhiliariting trips to Salt Lake City.