Committee votes to halve UCLA’s payments to Cal

Might 14, 2024, 10:46 PM ET MERCED, Calif.– UCLA might pay the University of California at Berkeley $10 million a year for 3 years instead of 6 as a result of the Bruins’ approaching transfer to the Big 10 and the demise of the Pac-12.

The University of California Board of Regents special committee on sports voted 7-1 during a meeting at UC Merced on Tuesday to lower the length of the payments. UC president Michael Drake recommended six years in a report entering into the meeting.The matter–

nicknamed “Calimony” by UCLA and Cal fans– will turn up for a vote by the complete Board of Regents on Thursday.If there is a considerable change in incomes and/or expenditures for either school, surpassing 10 %over 2024-25 projections, UCLA’s contribution can be reviewed by the regents.In order for the Regents to verify UCLA’s move to the Huge 10 in December 2022, the university accepted pay UC Berkeley between$ 2 million and$10 million due to the fact that of how the move would affect the Cal athletic program.Editor’s Picks Cal accepted sign up with the Atlantic Coast Conference last year after the Pac-12 couldn’t work out a media offer, triggering 8 of

its members to leave.Besides increased travel costs, Cal will have a lowered share of the ACC’s media rights deal.According to a report by UC’s president, the distinction in between UCLA’s annual

media rights circulation from the Big Ten and UC Berkeley’s share from the ACC will be roughly$50 million per year.UCLA and the University of Southern California revealed on June 30, 2022, that they were leaving the Pac-12 for the Big 10. USC is personal and not part of the UC system.The Regents ended up being involved shortly after the announcement when Democratic Gov. Gavin Newsom slammed UCLA’s relocation because chancellor Gene Block and athletic director Martin Jarmond did not give advance notification to the regents.In 1991, campus chancellors were handed over authority by the UC Office of the President to execute their own agreements, consisting of intercollegiate athletic agreements. But the regents heard throughout an August 2022, meeting that they maintain the authority to examine decisions impacting the UC system

, meaning they might affirm, reverse or avoid following up on UCLA’s decision.The Regents voted 4 months later to let the move proceed. Besides the payments to its sibling school, UCLA consented to make additional financial investments for athletes, consisting of dietary assistance, mental health services, academic assistance while traveling and charter flights to reduce travel time.

Previous Article
Next Article

Leave a Reply

Your email address will not be published.