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Report: Pac-12, Larry Scott strike deal on contract extension

Depending on your vantage point, this is either tremendous news when it comes to stability or another sign that the league will continue to remain stuck in neutral behind the two current conference behemoths.

According to a report from Pete Thamel of SI.com, Larry Scott has reached an agreement on a contract extension with the Pac-12. The new deal would keep Scott as the conference’s commissioner through 2022.

Scott had one year remaining on his old deal.

Thamel writes that “terms of the deal aren’t known.” According to a report from USA Today‘s Steve Berkowitz in May of last year and based on tax return filings, Scott was paid nearly $4.1 million for the 2014 calendar year, making him the highest-paid commissioner in collegiate athletics. By comparison, the Big Ten’s Jim Delany pulled in $3.1 million for the same period.

Scott’s tenure with the Pac-12 was initially marked by what was a then-record television deal with ESPN and FOX Sports in 2011. Since then, that conference has watched both the Big Ten and SEC secure new deals that earn its members anywhere from $8 million to $13 million more annually than their Pac-12 counterparts.

And then there’s the inability of the Pac-12, under Scott’s guidance, to secure a distribution agreement with DirecTV for its collection of conference networks, causing it to lag well behind the networks offered by the Big Ten and SEC.