Current:Home > StocksUC president recommends UCLA pay Cal Berkeley $10 million per year for 6 years -Dynamic Wealth Solutions
UC president recommends UCLA pay Cal Berkeley $10 million per year for 6 years
View
Date:2025-04-16 09:13:29
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! (5994)
Related
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- 2 children were among 4 people found dead in a central Kentucky house fire
- From 'Underdoggs' to 'Mission: Impossible 7,' here are 10 movies you need to stream right now
- Dancer Órla Baxendale’s Final Moments Revealed Before Eating Cookie That Killed Her
- DoorDash steps up driver ID checks after traffic safety complaints
- North Carolina state workers’ health plan ending coverage for certain weight-loss drugs
- Fatih Terim, the ‘Emperor’ of Turkish soccer, shakes up Greek league
- Man accused of picking up teen fugitive following escape now facing charges, authorities say
- 'We're reborn!' Gazans express joy at returning home to north
- Many Costa Ricans welcome court ruling that they don’t have to use their father’s surname first
Ranking
- Average rate on 30
- Indianapolis police fatally shoot man wanted on a warrant during an exchange of gunfire
- What happened at the nation’s first nitrogen gas execution: An AP eyewitness account
- Tumbling Chinese stocks and rapid Chipotle hiring
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Are you ready for a $1,000 emergency expense? Study says less than half of Americans are.
- Dancer Órla Baxendale’s Final Moments Revealed Before Eating Cookie That Killed Her
- Love Is Blind's Alexa Lemieux Is Pregnant, Expecting First Baby with Husband Brennon
Recommendation
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
Covering child care costs for daycare workers could fix Nebraska’s provider shortage, senator says
Pregnant Jenna Dewan Showcases Baby Bump in Lace Dress During Date Night With Fiancé Steve Kazee
Will Biden’s Temporary Pause of Gas Export Projects Win Back Young Voters?
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
NASA retires Ingenuity, the little helicopter that made history on Mars
A landslide of contaminated soil threatens environmental disaster in Denmark. Who pays to stop it?
Judge green-lights narrowing of main road through Atlantic City despite opposition from casinos