We've all heard that the Pac and MWC have discussed going into Mediation over the Poaching and Exit fees. There hasn't been much said since. However, it does appear that both the Pac and MWC as of yesterday March 14th, 2025 have both filed for a "motion to Stay Proceedings in California" regarding mediation. Looks like this will drag on for a while.
“Today, at the request of the Mountain West Conference, the Pac-12 has agreed to file a mutual 60-day order to stay in the case to discuss mediation options,” the Pac-12 said in a statement. “It is important to state that we are in the early stages; no mediation dates have been set, and mediation is still uncertain. The Pac-12 remains confident in our position that the Poaching Penalty will be declared invalid and is committed to defending our stance.”
So, it appears we now have to wait on the courts to approve this. Once approved they have 60 days to see if they can come to some mutual agreement. It doesn't mean they will and it could just go back to the court. From the Pac's stated position above they think the the poaching penalty is invalid. I'm not sure if they are serious with this mediation.
www.nytimes.com
Hopefully the article isn't firewalled for you as it open for me without issues. Usually, the NYTimes will firewall their articles.
“Today, at the request of the Mountain West Conference, the Pac-12 has agreed to file a mutual 60-day order to stay in the case to discuss mediation options,” the Pac-12 said in a statement. “It is important to state that we are in the early stages; no mediation dates have been set, and mediation is still uncertain. The Pac-12 remains confident in our position that the Poaching Penalty will be declared invalid and is committed to defending our stance.”
So, it appears we now have to wait on the courts to approve this. Once approved they have 60 days to see if they can come to some mutual agreement. It doesn't mean they will and it could just go back to the court. From the Pac's stated position above they think the the poaching penalty is invalid. I'm not sure if they are serious with this mediation.

Pac-12, Mountain West file motion to pause California poaching penalties case, enter mediation
The conferences appear closer to resolving their legal fights over the latest conference realignment and more than $150 million in fees.

Hopefully the article isn't firewalled for you as it open for me without issues. Usually, the NYTimes will firewall their articles.