Current:Home > FinanceUC president recommends UCLA pay Cal Berkeley $10 million per year for 6 years -FutureWise Finance
UC president recommends UCLA pay Cal Berkeley $10 million per year for 6 years
View
Date:2025-04-16 19:18:35
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! (4646)
Related
- What do we know about the mysterious drones reported flying over New Jersey?
- Want to retire but can't afford it? This strategy could be right for you.
- Griff talks new album 'Vertigo' and opening for Taylor Swift during Eras Tour
- Biden administration says it wants to cap rent increases at 5% a year. Here's what to know.
- Travis Hunter, the 2
- What to watch as the Republican National Convention enters its second day in Milwaukee
- Colombia soccer president Ramón Jesurún and son arrested after Copa America final
- Who is JD Vance, Trump's pick for VP?
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Christina Hall's Husband Josh Hall Files for Divorce After 2 Years of Marriage
Ranking
- A White House order claims to end 'censorship.' What does that mean?
- Ex-TV host Carlos Watson convicted in trial over collapse of startup Ozy Media
- North Carolina postal worker died in truck from possible heat stroke, family says
- Man charged with murdering 2 roommates after body parts found in suitcases on iconic U.K. bridge
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Ugly Copa America scenes put pressure on FIFA, U.S. stadiums to ensure safe World Cup 2026
- Texas set to execute Ruben Gutierrez in retired teacher's death on Tuesday. What to know.
- Why pasta salad isn't always healthy, even with all those vegetables
Recommendation
'We're reborn!' Gazans express joy at returning home to north
The nation's 911 system is on the brink of its own emergency
Krispy Kreme unveils new Paris-inspired doughnut collection ahead of 2024 Olympics
'Big Brother' Season 26 cast: Meet the 16 houseguests competing for $750,000 grand prize
Federal hiring is about to get the Trump treatment
Hawaiian residents evacuated as wind-swept wildfire in Kaumakani quickly spreads
Shannen Doherty, ex-husband Kurt Iswarienko's divorce settled a day before her death: Reports
Tornado hits Des Moines, weather service confirms. No injuries reported