Report: Larry Scott received $1.5 million severance from Pac-12 Conference

Former Pac-12 commissioner Larry Scott received a hefty severance package after stepping away from the Pac-12 commissioner job in June of 2021.
Scott was given a $1.5 million severance package in 2022, plus an additional $750,000 in boneuses, according to Steve Berkowitz of USA Today.
“Former Pac-12 commissioner Larry Scott — who departed in June 2021 — received a $1.5 million severance, plus $750,000 in what was categorized as bonus and incentive pay in 2022, new tax doc shows. Second and final year he was to get $1.5 million severance,” Berkowitz posted on Twitter.
George Kliavkoff then took over as the Pac-12 commissioner on July 1, 2021. Of course that didn’t work out well as the conference ended up falling apart due to conference realignment.
Back in February, the Pac-12 and Kliavkoff agreed to part ways.
Prior to becoming the Pac-12 commissioner, Larry Scott was a professional tennis player. He then worked for the ATP and the Women’s Tennis Association. Scott was hired as the Pac-10 Commissioner in July of 2009.
Report: George Kliavkoff received $4 million, $500,000 bonus from Pac-12 in 2022
As for former Pac-12 commissioner George Kliavkoff, he received just under $4 million from the conference in 2022, according to a tax document provided by USA Today’s Steve Berkowitz.
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That includes a $500,000 bonus received that year — which Berkowitz pointed out was the same year that UCLA and USC announced that they would be leaving that Pac-12 in favor of the Big Ten.
Kliavkoff and the Pac-12 “mutually agreed to part ways,” in February of 2024 after all but two teams opted to leave the conference for other Power Five options. The conference has since named Teresa Gould to replace Kliavkoff in the hopes of rebuilding the conference.
While it will be unclear how much Kliavkoff will receive in severance pay until this fiscal year’s tax documents are available for public consumption, and the conference did not explain how severance pay would be distributed or where that money would be coming from.
Kliavkoff’s departure may be considered a liability, which could get Washington State and Oregon State out of paying the entire bill. When WSU and OSU settled their lawsuit against the 10 departing Pac-12 schools in December of 2023, a statement was released noting that the “departing schools have agreed to forfeit a portion of distributions over the remainder of the 2023-2024 year and provide specific guarantees against potential future liabilities.”
It remains to be seen how that will look like moving forward.