The Pac-12 Conference released the following statement on July 27, 2023:

Statement from the Pac-12 Conference

“The Pac-12 is comprised of world-leading universities and athletic programs who share a commitment to developing the next generation of leaders, supporting student-athletes’ academic and athletic excellence, and broad-based athletic success.  We remain committed to our shared values and to continuing to invest in our student-athletes. Today’s decision by the University of Colorado has done nothing to disrupt that commitment. 

We are focused on concluding our media rights deal and securing our continued success and growth. Immediately following the conclusion of our media rights deal, we will embrace expansion opportunities and bring new fans, markets, excitement and value to the Pac-12.”