The University of California Board of Regents is planning to require UCLA to subsidize Cal’s athletic department to the tune of $10 million annually, according to a summary of the upcoming meeting at UC Merced.
The approved range for the subsidy was $2 million to $10 million, with the exact figure based “on the best available information on projected revenues for both campuses,” the regents stated at the time. “It is anticipated that there will be an approximately $50 million difference between UCLA’s Big Ten contract and UC Berkeley’s agreement with the ACC.
UCLA will be a full-share member of the Big Ten when it enters the conference on Aug. 2. The Bruins are expected to receive approximately $65 million, on average, for the six years of the Big Ten’s media rights deal with Fox, CBS and NBC.
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