Current:Home > MarketsUC president recommends UCLA pay Cal Berkeley $10 million per year for 6 years -Wealth Evolution Experts
UC president recommends UCLA pay Cal Berkeley $10 million per year for 6 years
View
Date:2025-04-17 04:11:27
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! (388)
Related
- The White House is cracking down on overdraft fees
- Shooter at Southern University frat party takes plea deal
- Sting talks upcoming tour, friendship with Billy Joel and loving Austin Butler in 'Dune'
- Residents in a Louisiana city devastated by 2020 hurricanes are still far from recovery
- Grammy nominee Teddy Swims on love, growth and embracing change
- Dating apps are tough. Is there a better way to find a match today? | The Excerpt
- Stassi Schroeder Shares 3-Year-Old Daughter's Heartbreaking Reaction to Her Self-Harm Scars
- Redefine Maternity Style With the Trendy and Comfortable Momcozy Belly Band
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- What to watch: Say his name!
Ranking
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Audit finds Vermont failed to complete steps to reduce risk from natural disasters such as flooding
- It Ends With Us' Brandon Sklenar Reacts to Blake Lively, Justin Baldoni Feud Rumors
- Texas Republican attorney general sues over voter registration efforts in Democrat strongholds
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- The Daily Money: Some shoppers still feel the pinch
- Investigators say Wisconsin inmate killed his cellmate for being Black and gay
- Sting talks upcoming tour, friendship with Billy Joel and loving Austin Butler in 'Dune'
Recommendation
'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
Noah Cyrus Channels Sister Miley Cyrus With Must-See New Look
A body in an open casket in a suburban Detroit park prompts calls to police
Hey, politicians, stop texting me: How to get the candidate messages to end
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Residents in a Louisiana city devastated by 2020 hurricanes are still far from recovery
Pamela Anderson takes a bow at TIFF for ‘The Last Showgirl’
Shooter at Southern University frat party takes plea deal