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Thursday, January 30, 2025

Omission

One committee of the Regents didn't meet last week: The special Committee on Athletics which was created in the wake of UCLA change of athletic conference and its impact on Berkeley. Pity it didn't meet, because there were things to talk about. From the LA Times

Even a major infusion of cash from UCLA could not prevent its athletic budget crisis from deepening. In a departure from previous years, when it provided negligible direct institutional support, the school gave its athletic department $30.06 million during the fiscal year ending June 30, 2024. But the Bruins’ yearly deficit of $51.85 million reflected their ongoing challenges in balancing their budget amid a rapidly changing college sports landscape.

It’s the sixth consecutive year that UCLA’s athletic department has run in the red, its deficit over that span totaling $219.55 million. The university will cover the latest deficit, as it has in the past and does with other campus departments...

Significant relief could finally be on the way a year from now. UCLA’s move to the Big Ten is expected to come with a media rights payment estimated at between $65 million and $75 million, not to mention another massive infusion of cash from the conference’s College Football Playoff and NCAA tournament appearances. Of course, UCLA has already committed to sharing as much as $23 million a year in revenue with athletes as part of the House settlement with the NCAA — should it be finalized — and will also have to pay sister school California a $10-million subsidy over each of the next three years because of discrepancies in revenue between their athletic departments...

Full story at https://www.latimes.com/sports/ucla/story/2025-01-24/ucla-athletics-budget-numbers.

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