Nine schools must agree on a change to the revenue-sharing model, while the division split will be decided by a simple majority. Scott said he does not expect the conversations to be contentious.
"Everyone will be much better off," he said. "The question is how much better off and how do certain schools compare to others. It's important to keep it in context. The members will see significant growth from where they are now. That affects the tenor of the conversation."
Scott said he does not see a need to split into divisions in other sports and that the conference will not change its name to the Pac-12 until Colorado joins, leaving the possibility that an 11-team conference will be called the Pac-10.
"We figured the Big Ten has gotten away with that for a while, we can get away with it for one year," he said.
Scott sensed the excitement this weekend from Colorado fans about their future. He spoke to a reception in San Francisco on Friday night in front of about a thousand Buffaloes fans and Colorado expected to have more than 7,000 fans at the game.
Scott said he saw plenty of people in Colorado clothes all weekend in the Bay Area.
"Today is a glimpse of what it will be like," Scott said. "Colorado fans, not just from the Bay Area, but across the country are very excited about this."