Financial reports or statements from UCLA's athletic department

UC Regents to Vote on UCLA's $10M Annual 'Calimony' to Cal Through 2029-30

May 10, 2024, 09:05 AM

The University of California Board of Regents is deliberating a proposal recommended by UC President Michael V. Drake that would require UCLA to pay $10 million annually to UC Berkeley. This payment, termed 'Calimony', is intended to support Cal's athletic department following the dissolution of the Pac-12 conference. The proposed payments would continue through the 2029-30 academic year. This recommendation comes as part of the financial adjustments after UCLA's move to the Big Ten, which contrasts with UC Berkeley's new affiliation with the ACC, marking a significant disparity in revenue from these alignments, estimated at approximately $50 million. The UC Regents are scheduled to vote on this matter on May 14.