Both schools are members of California's
ten-school UC system, with Cal objecting to UCLA's move to the
Big Ten, saying it would be hurt financially through the
dissolution of the Pac-12 Conference.
The $10 million payments, which will run through at least the
2026-27 school year, will help Cal offset losses from media
rights. The board is expected to review the payment plan after
three years.
According to reports, UCLA will be paid $60 million per year in
the Big Ten. Cal reportedly will be paid $11 million per year
over its first seven years in the Atlantic Coast Conference.
Not long after UCLA and Southern California elected to move out
of the Pac-12, Colorado departed for the Big 12, followed by
Arizona, Arizona State and Utah, who also went to the Big 12.
Cal and Stanford ultimately left for the ACC.
In a separate move, Oregon and Washington also agreed to join
the Big Ten.
Only two schools remained in the Pac-12 -- Oregon State and
Washington State -- when the exodus was complete. The Pac-12
will not be in operation for the foreseeable future, with Oregon
State and Washington State to be paid a combined $65 million
from the 10 departing schools.
--Field Level Media [© 2024 Thomson Reuters. All rights
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