LOS ANGELES — In a temporary triumph for UCLA, the University of California Regents on Tuesday ordered the school to pay rival California the max tax but for only half the previously allotted period. The regents said they intended to revisit the payment amount halfway through UCLA's six-year contract with the Big Ten that ends in 2029-30. UC president Michael V. Drake had recommended that UCLA make the $10 million payment through the full duration of the school's Big Ten contract. Cal later agreed to join Stanford and Southern Methodist as part of an expanded Atlantic Coast Conference while taking a reduced share of the conference's media rights deal. UCLA is expected to make roughly $60 million a year in media rights revenue compared to only around $11 million for Cal during its first seven years of ACC membership.

Source: Los Angeles Times May 15, 2024 02:01 UTC