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Pac-12 Reportedly Fires 2 Top Executive

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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. 

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Pac-12 commissioner George Kliavkoff received approval from the Board of Directors to terminate these two employees.

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The president of the Pac-12 Networks was one of the employees let go.

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The distribution partner involved in this situation claims the overpayments totaled $50 million. This occurred over the course of several years.

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According to Jon Wilner, ESPN and FOX are not the Pac-12 Networks' distribution partners. 

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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.

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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.