UCLA is delighted to lend a hand...

...Because, after all, it's just money.

From the San Francisco Chronicle:

Cal’s spending on intercollegiate athletics soared in the school’s first year in the Atlantic Coast Conference, university records show. Total operating expenses climbed to more than $165 million in the 2024-25 fiscal year, up from approximately $149 million in 2023-24 and $127 million the year before. That’s an increase of more than 30% in the three-year period ending last June 30. Revenues also jumped, rising to about $153 million in ’24-’25 according to Cal’s annual financial report released Monday. That marked a boost of more than $33 million, though much of the increase came via payments from UCLA ($10 million) and the system-wide University of California Office of the President ($15 million).

Bottom line: The statement of revenues and expenses puts the Cal athletic department’s deficit at more than $24 million for the most recent fiscal year, including nearly $12 million in payments for the renovation of Memorial Stadium and other capital projects. 

That deficit also could be viewed as an understatement, given that Cal counted as revenue almost $43 million in “direct institutional support” from the university...

Full story at:

https://www.sfchronicle.com/sports/college/article/cal-s-sports-spending-soars-165-million-first-21361485.php.