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It is true. We will lose money by going to Hawaii. We would have made money if we went to either San Fran or Vegas.
The money we get from the conference is an entirely different story. SC will get the rest of the PAC a good chunk of change and will result in us getting a profit.
Which is why all conferences have some kind of revenue sharing for bowls. Otherwise, lots of schools would take a pass on the smaller bowls.
I know for a fact that ALL basketball revenue is split 10 ways. So, in that case, Arizona is carrying most of the conference.