The five schools who left the Mountain West for the Pac-12 will pay roughly half of the original number the MW sought in exit fees.
That's according to reporting from Sportico, which obtained a copy of the settlement agreement between the Mountain West and Pac-12 that ended a lengthy legal battle between the two leagues.
The departing schools will pay the MW $49 million, Daniel Libit reports. That amounts to just shy of $10 million per school.
The league's original exit fees ranged from $19-38 million per school depending on certain circumstances.
The Mountain West will deduct the settlement payments from final conference distributions for the 2024-25 and the 2025-26 seasons, according to the agreement.
In 2024, Colorado State, Boise State, Utah State, Fresno State and Utah State announced they were leaving the Mountain West to join the Pac-12. In total, the Mountain West sought roughly a combined $150 million in exit fees from the departing schools and poaching penalties from the Pac-12.
In September 2024, the Pac-12 filed a lawsuit challenging the legality of poaching penalties included in a football scheduling agreement it signed with the Mountain West in December 2023. A separate lawsuit involving CSU, Boise State and Utah State challenged the Mountain West's exit fees.
The Pac-12 and Mountain West released a joint statement Aug. 4 announcing the resolution of the lawsuits via the settlement, but the terms were not publicly disclosed.
The new-look Pac-12 officially launched July 1 with a full membership of Boise State, Colorado State, Fresno State, Oregon State, San Diego State, Texas State, Utah State, Washington State and Gonzaga (non-football member).
Sports reporter Kevin Lytle can be found on social media on X, Instagram and Threads @Kevin_Lytle and on Bluesky.
This article originally appeared on Fort Collins Coloradoan: What CSU will reportedly pay in Pac-12 vs Mountain West settlement