UC prez recommends UCLA pay Cal full subsidy
May 10, 2024, 12:08 AM ET
LOS ANGELES– The University of California Board of Regents is expected to accept a recommendation that UCLA pay University of California at Berkeley $10 million a year for 6 years as an outcome of the Bruins’ upcoming transfer to the Big 10 and the death of the Pac-12.
The recommendation was made by UC president Michael Drake and will be voted on during a regents meeting Tuesday at UC Merced.In order for the
Regents to verify UCLA’s relocate to the Big 10 in December, 2022, the university consented to pay UC Berkeley between$2 million and $10 million since of how the move would affect the Cal athletic program.Cal accepted join the Atlantic Coast Conference in 2015 after the Pac-12 couldn’t negotiate a media offer, causing eight of its members to leave.Besides increased travel expenses, 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 yearly media rights circulation from the Big Ten and UC Berkeley’s share from the ACC will be around $50 million per year.Drake is also recommending that if there is a significant change in earnings and/or expenses for either school, exceeding 10 %over
2024-25 forecasts, UCLA’s contribution can be reevaluated by the regents.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 became included soon after the announcement when Democratic Gov. Gavin Newsom slammed UCLA’s relocation because chancellor Gene Block and athletic director Martin Jarmond
did not offer advance notification to the regents.In 1991, school chancellors were entrusted authority by the UC Workplace 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 abstain from following up on UCLA’s decision.The Regents voted four months later to let the move go ahead. Besides the payments to its sister school, UCLA agreed to make additional financial investments for professional athletes, including dietary support, mental health services, academic assistance while traveling and charter flights to minimize travel time. “From the really starting we stated we comprehend we might require to help Berkeley. We’re okay with it and delighted it is fixed, “Block said after the regents approved the relocation.