Blog readers may remember the image above from our Aug. 21st post concerning Tim Harris and whether he was being brought to UCLA as a kind of co-CFO, as suggested by an item in the California Post. Turns out he was brought in as the new (replacement) Athletics Director. From the Daily Bruin:
Martin Jarmond is out of Westwood. Chancellor Julio Frenk said in a campuswide email and written statement that Jarmond, who has served as UCLA’s athletic director since 2020, was dismissed from his position Monday. Jarmond will be replaced by former Los Angeles Lakers executive Tim Harris, who will serve as both director and CEO of UCLA Athletics on a pro bono basis, Frenk added. Jarmond has $6.5 million remaining on his contract...
In the 2024-25 fiscal year, the program ran a $21.6 million deficit – down from $51.8 million in the previous cycle. Most of that reduction came from media rights revenue upon joining the Big Ten, which provided more than three times what UCLA procured in the Pac-12. The university itself also provided $30 million in direct institutional support to pay for the remaining deficit and balance it out to zero...
Full story at https://dailybruin.com/2026/08/31/ucla-athletics-director-martin-jarmond-dismissed-from-position-after-6-years.
By the way, if the last paragraph makes no sense to you, you are not alone. As yours truly reads it, we had a deficit of $21.6, added $30, and got zero. (Maybe this is yet another argument for at least the math part of the SAT to be restored!) The problem, however, isn't arithmetic. It is the absence of budgetary numbers (once again) beyond June 30, 2025 - more than a year ago. We need a 2025-26 income statement, a balance sheet, and a breakdown by unit - including athletics as a unit. And we need projections for 2026-27. If Tim Harris is being brought in to deal with the financial side of athletics, he, too, will need up-to-date numbers.
So far, all we have is a promise that all will be disclosed in an upcoming "retreat" this month.
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Note: Chancellor's message at https://chancellor.ucla.edu/messages/building-the-next-chapter-of-ucla-athletics or https://archive.org/details/ucla-budget-book-v-final-feb-2026/UCLA%20Building%20the%20Next%20Chapter%20of%20UCLA%20Athletics%20-%20Office%20of%20the%20Chancellor%208-31-2026.pdf.