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Pac-12 to 'Embrace Expansion' After Media Rights Deal amid Colorado's Exit to Big 12

The Pac-12 plans to respond to the exit of the University of Colorado by adding new members.

After completing a long-awaited media rights deal, the Pac-12 will "embrace expansion opportunities," according to a statement made hours after Colorado voted to leave the conference for the Big 12.

"We remain committed to our shared values and to continuing to invest in our student-athletes," the statement read. "Today's decision by the University of Colorado has done nothing to disrupt that commitment."

Pac-12 Conference @pac12

Statement from the Pac-12 Conference: <a href="https://t.co/up5hjSD1ek">pic.twitter.com/up5hjSD1ek</a>

The Pac-12 is the only Power Five conference without a long-term media rights deal since October, when the Big 12 signed an extension through 2031 with ESPN and Fox.