The official transcript from today's press conference adding Utah to the Pac-10 has arrived. (As anyone else who tried to hear it on the web can attest, it was kind of fuzzy). So thought I'd pass along the sections most relevant to UW fans from Pac-10 commissioner Larry Scott.

On the possibility to divide into divisions: "We haven't decided yet. The process now is going to be to go through and dig into all those questions. Do we have a championship football game, and if so, will we have divisions and how will those be organized? All of this expansion stuff has happened at a rapid pace and now there are a lot of details we will get into."

On when competition begins: "Utah will begin playing in the Pac-10 in the 2011-12 academic year.''

On the possibility of renaming the conference: "There are a few conferences out there that have math problems right now. We're one of them. We intend to discuss that internally over the coming weeks and we expect we will announce that fairly soon.''

On revenue sharing: "Our conference has a long-standing policy of equal revenue sharing with some exceptions for football television revenue. We intend to keep that concept in place. There may be some changes as things evolve. The principals will stay in place. The arrangement worked out is that Utah will become a full member of the conference over a period of three years in regards to revenue sharing.''

(UPDATE --- The above answer contains an important point I admittedly glossed over when I first read this, but it means that Utah does not enter the conference as a full member financially and won't be until three years have passed. Ted Miller does a good job explaining that here.)

On when Colorado will enter and its revenue share: "There is an open question about the date that Colorado will come in. When we made the announcement it was 2012, but when all the dust settles there is a possibility the timetable will move up to 2011 to start with Utah. When they start in 2012 they will start as a full member in regards to revenue sharing, but if they start earlier we will have to discuss that.''

On the possibility of a television network: "There is some significance for the broader exposure of many sports and gaining more national exposure for more programs. We are in the process of developing a business plan but don't negotiate the agreements until next year.''

On whether there will be any more expansion: "We are done. This concludes our activities around expansion for now. I had authority from the presidents and chancellors and for several scenarios and got approval for this. These conversations have been going on for a few months. There has been long-standing interest in the University and specifically since the beginning of June. I think will see things settling down nationally now, but I think things will get back to a new normalcy.''