Current:Home > MarketsUC president recommends UCLA pay Cal Berkeley $10 million per year for 6 years -Edge Finance Strategies
UC president recommends UCLA pay Cal Berkeley $10 million per year for 6 years
View
Date:2025-04-12 13:15:27
LOS ANGELES (AP) — 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 six years as a result of the Bruins’ upcoming move to the Big Ten and the demise 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 affirm UCLA’s move to the Big Ten in December, 2022, the university agreed to pay UC Berkeley between $2 million and $10 million because of how the move would affect the Cal athletic program.
Cal agreed to join the Atlantic Coast Conference last year after the Pac-12 couldn’t negotiate a media deal, causing eight of its members to leave.
Besides increased travel costs, Cal will have a reduced share of the ACC’s media rights deal.
According to a report by UC’s president, the difference between UCLA’s annual media rights distribution from the Big Ten and UC Berkeley’s share from the ACC will be approximately $50 million per year.
Drake is also recommending that if there is a significant change in revenues and/or expenses for either school, exceeding 10% over 2024-25 projections, UCLA’s contribution can be reevaluated by the regents.
UCLA and the University of Southern California announced on June 30, 2022, that they were leaving the Pac-12 for the Big Ten. USC is private and not part of the UC system.
The Regents became involved shortly after the announcement when Democratic Gov. Gavin Newsom criticized UCLA’s move because chancellor Gene Block and athletic director Martin Jarmond did not give advance notice to the regents.
In 1991, campus chancellors were delegated authority by the UC Office of the President to execute their own contracts, including intercollegiate athletic agreements. But the regents heard during an August 2022, meeting that they retain the authority to review decisions impacting the UC system, meaning they could affirm, overturn 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 further investments for athletes, including nutritional support, mental health services, academic support while traveling and charter flights to reduce travel time.
“From the very beginning we said we understand we may need to help Berkeley. We’re OK with it and happy it is resolved,” Block said after the regents approved the move.
___
AP college sports: https://apnews.com/hub/college-sports
veryGood! (763)
Related
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Missing Ohio teen located in Florida after logging in to World of Warcraft account
- ITZY is showing who they were 'BORN TO BE': Members on new album, solo tracks and evolving.
- In Israel, Blinken looks to planning for post-war Gaza as bombardment, fighting continue to rage
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Aaron Rodgers says Jets need to avoid distractions, will address his Jimmy Kimmel comments
- Filipino Catholics pray for Mideast peace in massive procession venerating a black statue of Jesus
- Haley accuses Biden of giving ‘offensive’ speech at the church where racist mass shooting occurred
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- NFL Black Monday: Latest on coaches fired, front-office moves
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Trump asks Maine judge for pause to let US Supreme Court rule on ballot access
- Arrest warrant issued for Montana man accused of killing thousands of birds, including eagles
- Hong Kongers in Taiwan firmly support the ruling party after watching China erode freedoms at home
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Iowa Legislature reconvenes with subdued start ahead of presidential caucuses
- Explosion at Texas hotel injures 11 and scatters debris across downtown Fort Worth
- Live updates | Blinken seeks to contain the war as fighting rages in Gaza and Israel strikes Lebanon
Recommendation
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
Argentines ask folk cowboy saint Gauchito Gil to help cope with galloping inflation
Chicago woman pleads guilty, to testify against own mother accused of cutting baby from teen’s womb
Pakistan’s court scraps a lifetime ban on politicians with convictions from contesting elections
Trump invites nearly all federal workers to quit now, get paid through September
iPhone that got sucked out of Alaska Airlines plane and fell 16,000 feet is found on the ground – and still works
US fugitive accused of faking his death to avoid rape charges is booked into a Utah jail
Montana governor, first lady buy mansion for $4M for governor’s residence, will donate it to state