As part of the settlement, Oregon State and Washington State will receive $65 million in 2024 from the fiscal distributions of the departing members.

The $65 million includes withheld revenue amounting to $5 million and supplemental revenue of $1.5 million, with apportioned distributions taking place until June. The settlement emphasizes that the departing members will have no voting rights or influence over the Pac-12's use, allocation, or expenditure of these funds.

This settlement gives Oregon State and Washington State the freedom to apportion the funds as they see fit, providing a significant advantage for the remaining Pac-12 programs as they navigate an uncertain future. Additionally, the departing members will not be able to seek dissolution of the Pac-12 unless both Oregon State and Washington State provide written consent.

To further protect the Pac-12 from dissolution, the remaining schools can seek an injunction if a departing member attempts to dissolve the conference, with severe financial penalties imposed for such actions.

The settlement also clarifies that the departing members will not be entitled to any revenue generated during and after 2025. Each of the 10 departing schools is scheduled to join their respective new conferences in July 2024.

Oregon State and Washington State have been proactive in improving their prospects following the effective dissolution of the Pac-12. In an announcement made in December, both schools revealed their decision to join the West Coast Conference as affiliate members in all sports, excluding football and baseball, for the next two seasons. Moreover, the football teams of Oregon State and Washington State have forged a scheduling alliance with the Mountain West for the 2024 season, with a possible extension until 2025.

The settlement between Oregon State, Washington State, and the departing Pac-12 schools has brought a sense of stability and financial security to both institutions. As the Pac-12 undergoes a transitional phase, all eyes will be on how the remaining schools and the departing members adapt to the changing collegiate sports landscape.