Current:Home > InvestUC president recommends UCLA pay Cal Berkeley $10 million per year for 6 years -AssetScope
UC president recommends UCLA pay Cal Berkeley $10 million per year for 6 years
View
Date:2025-04-17 13:20:38
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! (893)
Related
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Will Travis Kelce attend the VMAs to support Taylor Swift? Here's what to know
- 15-year-old North Dakota runaway shot, killed in Las Vegas while suspect FaceTimed girl
- White Stripes sue Donald Trump over the use of ‘Seven Nation Army’ riff in social media post
- US Open player compensation rises to a record $65 million, with singles champs getting $3.6 million
- How Aaron Hernandez's Double Life Veered Fatally Out of Control
- Ms. Rachel Shares She Had Miscarriage Before Welcoming Baby Boy
- Watch this mom fight back tears when she sees all of her kids finally home after 9 years
- Judge says Mexican ex-official tried to bribe inmates in a bid for new US drug trial
- Commanders release kicker Cade York after two misses in season opener
Ranking
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- 49ers vs. Jets Monday Night Football live updates: Odds, predictions, how to watch
- James Earl Jones, acclaimed actor and voice of Darth Vader, dies at 93
- Christian McCaffrey injury: Star inactive for 49ers' Week 1 MNF game vs. New York Jets
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Highlights as Bill Belichick makes 'Manningcast' debut during Jets vs. 49ers MNF game
- Wolf pack blamed in Colorado livestock attacks is captured and will be relocated
- Francine gains strength and is expected to be a hurricane when it reaches US Gulf Coast
Recommendation
51-year-old Andy Macdonald puts on Tony Hawk-approved Olympic skateboard showing
Cleveland Browns sign former Giants, Chiefs WR Kadarius Toney to practice squad
Field of (wildest) dreams: Ohio corn maze reveals Taylor Swift design
Dak Prescott beat Jerry Jones at his own game – again – and that doesn't bode well for Cowboys
Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
Kandi Burruss Says This $19.99 Jumpsuit “Does Miracles” to “Suck in a Belly” and “Smooth Out Thighs”
North Carolina House Rep. Jeffrey Elmore resigning before term ends
Johnny Gaudreau's wife reveals pregnancy with 3rd child at emotional double funeral