Washington will join the Big Ten Conference in 2024, joining the University of Oregon (acro, no gym), as officially announced late Friday.  Then, late Friday, Arizona, ASU and Utah officially announced their move to the Big 12, starting in 2024.  UCLA and USC (no gym) announced their departure for the Big Ten roughly one year ago.  Since then, the remaining Pac 12 members had explored options and awaiting a new media contract.  Last week, Colorado (no gym) announced their departure for the Big 12, setting forth a rush of negotiations, with Arizona the boldest in seeking an alternative  Then, on Tuesday, the Pac 12 administration delivered a media proposal that was based solely on streaming and well below what was being delivered to the Big Ten and Big 12 (and other major conferences).  Money, driven mostly by Football and media rights (in turn driven by fan base, brand and TV audience) are the ultimate drivers here.  With the departure of the other schools, the media contract opportunities for the remaining Pac 12 programs will be even smaller than Tuesday's offer, placing pressure on the remaining team's to seek solutions.  The current Pac 12 media contract runs through the end of next season.  Money from these media contracts make up a significant chunk of every school's operating budget.      

As of now, the Pac 12 has become four teams:  Cal, Oregon State, Stanford and Washington State.  They will need to explore their remaining options while the others have secured their futures.    

Link:  B1G Release