Pac-12 to expand "immediately" after media rights deal.

– Pac-12 down to 9 members after Colorado joins Big 12.

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– Pac-12 plans to embrace expansion opportunities.

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– The search for a new media rights deal ongoing for a year.

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– Previous TV contract talks failed, leading to instability.

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– Colorado chose Big 12 over waiting for Pac-12 deal.

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– Pac-12 needs to finalize media rights deal first.

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– Current media deal expires in July 2024.

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– Expansion to follow media deal conclusion for growth.

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