UCLA to Pay $10 Million to Berkeley in Athletics Tax

From the San Francisco Chronicle: 

University of California President Michael Drake is recommending that UCLA pay UC Berkeley $10 million a year through the 2029-30 school year to help Cal shore up its athletic department in the wake of the collapse of the Pac-12 conference.

The “Calimony” payments — which will be considered by the UC Board of Regents at its meeting next week at UC Merced — follow UCLA’s divorce from the Pac-12 to join the Big Ten. The move accelerated the dissolution of the Pac-12 and UC Berkeley, along with Stanford, ultimately accepted an invitation to join the Atlantic Coast Conference...

Full story at https://www.sfchronicle.com/bayarea/article/ucla-pay-uc-berkeley-10-million-calimony-19450025.php.

The detailed proposal for the Regents is at:

https://regents.universityofcalifornia.edu/regmeet/may24/s2.pdf.