UCLA to Pay Cal $10M Yearly Until 2030 Following UC President's Recommendation

May 10, 2024, 02:42 AM

The University of California Regents, following a recommendation from the UC president, have mandated that UCLA pay $10 million annually to Cal through the 2029-30 academic year as compensation for leaving the Pac-12 Conference. This financial arrangement, termed 'Calimony', represents the upper limit of the previously discussed range of $2 million to $10 million. The funds are intended to support Cal's athletic department following the conference realignment. Additionally, UCLA's net gain on Big Ten media rights is approximately $45 million on average for the next six years.