MERCED, Calif. — UCLA might pay the College of California at Berkeley $10 million a yr for 3 years as a substitute of six on account of the Bruins’ upcoming transfer to the Huge Ten and the demise of the Pac-12.
The College of California Board of Regents particular committee on athletics voted 7-1 throughout a gathering at UC Merced on Tuesday to chop down the size of the funds. UC president Michael Drake advisable six years in a report going into the assembly.
The matter — nicknamed “Calimony” by UCLA and Cal supporters — will come up for a vote by the complete Board of Regents on Thursday.
If there’s a important change in revenues and/or bills for both college, exceeding 10% over 2024-25 projections, UCLA’s contribution might be reevaluated by the regents.
To ensure that the Regents to affirm UCLA’s transfer to the Huge Ten in December 2022, the college agreed to pay UC Berkeley between $2 million and $10 million due to how the transfer would have an effect on the Cal athletic program.
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Cal agreed to affix the Atlantic Coast Convention final yr after the Pac-12 could not negotiate a media deal, inflicting eight of its members to go away.
Apart from elevated journey prices, Cal may have a lowered share of the ACC’s media rights deal.
Based on a report by UC’s president, the distinction between UCLA’s annual media rights distribution from the Huge Ten and UC Berkeley’s share from the ACC will likely be roughly $50 million per yr.
UCLA and the College of Southern California introduced on June 30, 2022, that they had been leaving the Pac-12 for the Huge Ten. USC is personal and never a part of the UC system.
The Regents grew to become concerned shortly after the announcement when Democratic Gov. Gavin Newsom criticized UCLA’s transfer as a result of chancellor Gene Block and athletic director Martin Jarmond didn’t give advance discover to the regents.
In 1991, campus chancellors had been delegated authority by the UC Workplace of the President to execute their very own contracts, together with intercollegiate athletic agreements. However the regents heard throughout an August 2022, assembly that they keep the authority to assessment choices impacting the UC system, that means they might affirm, overturn or abstain from following up on UCLA’s resolution.
The Regents voted 4 months later to let the transfer go forward. Apart from the funds to its sister college, UCLA agreed to make additional investments for athletes, together with dietary help, psychological well being providers, educational help whereas touring and constitution flights to cut back journey time.