On eve of move to Big Ten, UCLA athletic department posts $36.6 million deficit - News Summed Up

On eve of move to Big Ten, UCLA athletic department posts $36.6 million deficit


"Like other athletic departments, financial challenges remain as a result of the pandemic which impacted revenue streams such as sponsorships and media rights," a UCLA athletic department spokesperson said in a statement. As usual, the biggest cash outlays went for coaching salaries ($30.6 million), staff and administrative salaries ($23.6 million) and athletics student aid ($16.8 million). Football player meals totaled $3.5 million, up slightly from $3.2 million the previous year. UCLA's $25.4 million in media rights revenue reflected an undisclosed withholding stemming from the Pac-12's mismanagement of its payments to Comcast. Football ticket sales generated $11.6 million in revenue, up from $10.6 million the previous year, thanks in part to an eight-game home schedule for the 2022 season.


Source: Los Angeles Times January 20, 2024 02:38 UTC



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