Current:Home > MarketsUC president recommends UCLA pay Cal Berkeley $10 million per year for 6 years -Wealth Axis Pro
UC president recommends UCLA pay Cal Berkeley $10 million per year for 6 years
View
Date:2025-04-12 11:01:28
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! (856)
Related
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Watch this National Guard Sergeant spring a surprise on his favorite dental worker
- Japanese consumers are eating more local fish in spite of China’s ban due to Fukushima wastewater
- DoorDash warns customers who don't tip that they may face a longer wait for their food orders
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- 9 students from same high school overdose on suspected fentanyl, Virginia governor steps in
- Panama’s congress backtracks to preserve controversial Canadian mining contract
- Ole Miss to offer medical marijuana master's degree: Educating the workforce will lead to 'more informed consumer'
- A South Texas lawmaker’s 15
- Colombia will try to control invasive hippo population through sterilization, transfer, euthanasia
Ranking
- The Grammy nominee you need to hear: Esperanza Spalding
- Jury begins deliberating fate of FTX founder Sam Bankman-Fried
- Arizona governor orders more funding for elections, paid leave for state workers serving at polls
- Emma Hernan and Bre Tiesi Confront Nicole Young Over Bullying Accusations in Selling Sunset Clip
- Nevada attorney general revives 2020 fake electors case
- Disney reaches $8.6 billion deal with Comcast to fully acquire Hulu
- Actor Robert De Niro’s ex-top assistant cites courtroom outburst as an example of his abusive side
- Jury begins deliberating fate of FTX founder Sam Bankman-Fried
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Tuberville pressured by Republicans on Senate floor to end hold on military nominations
Uber, Lyft agree to $328 million settlement over New York wage theft claims
Chicago father faces 30-year sentence for avenging son's murder in years-long gang war
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Pennsylvania to partner with natural gas driller on in-depth study of air emissions, water quality
You’re Bound 2 Laugh After Hearing Kim Kardashian's Hilarious Roast About Kanye West's Cooking Skills
How the South is trying to win the EV race