I would like to see the actual number -- It seems that the Pac-12 is keeping tens of millions of dollars annually.
I give Larry Scott credit for his intelligence and his generally clear analysis of college sports. He has shown that he is open to addressing some of the inequalities of big time college sports (e.g., a reasonable stipend for players, medical insurance to cover injuries that players suffer, etc.), but when the numbers hit you in the face, you have to ask:
Is there something wrong with this picture?