UC Regents Meeting Orders UCLA to Pay $10 Million Annually in 'Calimony' for Three Years

The University of California (UC) Regents have ordered UCLA to pay $10 million annually for three years as a 'Calimony' to the University of California, Berkeley (Cal). This decision follows UCLA's move to leave the Pac-12 conference. The payments are intended to mitigate the financial impact on Cal. The regents meeting discussed various forecasted contributions ranging from $2 million to $10 million.