Pac-12 Ready to Secure a Billion Dollars' Worth of Loans if Football Season is Canceled

data-mm-id=”_qi80k61fm”>The Pac-12 is planning a loan program that would allow each of the conference's member schools to receive up to $83 million. The loans, which could total nearly a billion dollars, would be available in the event that the college football season is canceled. Here's what an anonymous source told the Mercury News: ““The conference is trying to be nimble and give schools some options’’”If you can get approval on a 10-year loan for $83 million, that means the bank is supposed to believe you can pay them back like $10 million a year every year for the next decade. I don't know what the exact payments would look like, but they would be massive and are great proof of what big business college football is. With that kind of money you could buy a jet …