Current:Home > ScamsUC president recommends UCLA pay Cal Berkeley $10 million per year for 6 years -MarketStream
UC president recommends UCLA pay Cal Berkeley $10 million per year for 6 years
View
Date:2025-04-12 09:29:07
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! (7)
Related
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Oscar Moments: Talk of war and peace, a coronation for Nolan, and Ken-demonium for Gosling
- Mountain lions lurking: 1 killed by car in Oceanside, California, as sightings reported
- Why All Eyes Were on Sabrina Carpenter and Barry Keoghan at 2024 Oscars Vanity Fair After Party
- Breaking debut in Olympics raises question: Are breakers artists or athletes?
- Biden is issuing a budget plan that details his vision for a second term
- John Cena argues with Oscars host Jimmy Kimmel over nude bit: 'You wrestle naked, why not?'
- Ryan Gosling joined by Slash for epic, star-studded 'I'm Just Ken' Oscars performance
- Everything Simone Biles did at the Paris Olympics was amplified. She thrived in the spotlight
- Horoscopes Today, March 9, 2024
Ranking
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- First photo of Princess Kate since surgery released on Britain's Mother's Day, but questions swirl
- Jimmy Kimmel fires back after Trump slams 'boring' Oscars: 'Isn't it past your jail time?'
- Beached sperm whale dies after beaching along Florida’s Gulf Coast
- Sam Taylor
- Get $118 J.Crew Jeans for $44, 50% off Grande Cosmetics Brow Serum, $400 Off Purple Mattress & More Deals
- Breaking glass ceilings: the women seizing opportunities in automotive engineering
- Charlize Theron Has Best Reaction to Guillermo's Tequila Shoutout at 2024 Oscars
Recommendation
Man charged with murder in death of beloved Detroit-area neurosurgeon
Did Monica Sementilli conspire with the man she was having an affair with to murder her husband?
Elle King Breaks Silence After Drunken Performance at Dolly Parton Tribute Show
Why All Eyes Were on Sabrina Carpenter and Barry Keoghan at 2024 Oscars Vanity Fair After Party
Giants, Lions fined $200K for fights in training camp joint practices
Sen. Bob Menendez enters not guilty plea to latest criminal indictment
Luke Burbank on taking spring ahead to the next level
How soon will the Fed cut interest rates? Inflation report this week could help set timing