The man on top of the PAC-12 Conference, Commissioner Larry Scott has been credited with nearly $5 MILLION in compensation for the 2016 calendar year according to conference’s new federal tax return.
The amount reported in the tax return is a $600,000 increase on what was initially reported that Larry Scott was given in 2015. As you’d expect Scott is now and continues to be the highest paid (annual compensation) commissioner in college sports.
Last year, the Big Ten’s tax return showed that Jim Delany (commissioner) had been allocated more than $20 Million in future bonus payments.
Documentation released recently by the PAC-12, provided by the conference on Tuesday in response to an enquiry by USA Today shows that Larry Scott received $3.5 Million as a base salary in 2016, which allocates around an $855,000 increase on the previous year.
Larry Scott received $1.08 million in bonus compensation in 2016, a $220,000 decrease in what he received in 2015 however.
The documentation provided also reveals that Larry is benefitting from a loan the conference paid for of nearly $2 Million.
In the period from 2010-2016, Scott has earned just under $25 Million from the PAC-12.
The SEC‘s Greg Sankey makes peanuts in comparison as he as compensated $1.9 Million in 2016. — his first full calendar year as the conference’s commissioner.
Former PAC-12 Network president, Lydia Murphy-Stephens was credited with more than $1.2 Million including over $322,000 in bonuses.
Last week it was reported that the PAC-12 received annual revenue of over $509 Million in 2017. Up by $21 Million in 2016. The new total left the Pac-12 trailing the SEC by more than $141 million for fiscal 2017.
Conference revenue from TV rights totalled $326 Million for 2017. Up about 4% from the prior year’s $313.8 million.
The SEC reported on its new return that it received just over $409 million in TV and radio rights fees. (for a fiscal year ending Aug. 3, 2017).