Regents order UCLA to pay Cal $10M for three years

In a "temporary triumph" for UCLA, the Univ. of California Regents yesterday "ordered the school to pay rival California the max tax but for only half the previously allotted period" -- an annual $10M subsidy for the next three years -- instead of six. The order is because of a projected $50M-per-year "discrepancy in athletic revenue" after UCLA announced it was headed for the Big Ten. 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. They also agreed that "any change in revenue or expenses" for UCLA or Cal exceeding 10% of the 2024-25 figures "would trigger immediate discussions to adjust the payment amount." The measure "still has to be approved by the full board of regents" tomorrow, though "that’s expected to be a formality" ( L.A. TIMES, 5/14 ).