On Friday, the Pac-12 fired two senior executives for "failing to disclose overpayments by a media distribution partner to the networks." This made the conference's annual revenue look stronger than it what it actually was.
The Pac-12 issued an official statement on this matter. “Earlier today, the Pac-12 terminated the employment of two senior executives, effective immediately," the conference said. "This action was taken following an investigation conducted by independent outside legal counsel.
The terminations resulted from a failure by those two executives to disclose material information to the Pac-12 Board of Directors and external Pac-12 auditors in connection with overpayments by a Pac-12 Networks distribution partner dating back to 2016.