Now that bit of being-in-the-black magic has dissipated amid a confluence of factors including coaching turnover in the school’s two biggest sports, leaving UCLA’s athletic department with a $18.9-million deficit for the 2019 fiscal year, according to university records. (Jayne Kamin-Oncea / Getty Images)While athletic department donors pledged to cover an unspecified portion of the buyouts over five years, UCLA had to immediately foot the bills. Unlike other Pac-12 schools, only a tiny fraction of UCLA’s athletic department budget comes from campus sources. Jon Baumunk, a lecturer in accounting at San Diego State on UCLA’s athletic department spendingThe Bruins’ arrangement in their on-campus arena isn’t any more lucrative. The athletic department also pays for parking staff at its events there but does not recoup any of the revenue generated.

Source: Los Angeles Times February 04, 2020 13:52 UTC