UC Board of Regents has recently voted that UCLA will be paying Cal $10 million in revenue for the next three years, with additional reviews taking place in 2027. This decision stemmed from an original proposal for a six-year financial agreement.
Summary
- Cal is set to receive a total of $30 million from UCLA over three years.
- Questions arise about the fairness and necessity of such financial transactions within the UC system.
- The discussion touches on comparisons with other universities and implications for the higher education sector.
Calimony Drama
Users jokingly refer to the payments as ‘Calimony’ and speculate about future demands for more funds.
Financial Musings
Some comments express surprise at the financial dealings between the universities and the potential ramifications for UC Davis.
Intriguing Inquiry
One user questions the need for such transactions and ponders if similar payments extend to other institutions within the P5 conference.
Cal now has a better media arrangement than Florida State University, highlighting potential shifts in the landscape of college sports.
The conversation also extends to the broader implications of financial management within the UC system, drawing comparisons to practices outside California.
UC Regent Keith Ellis’ remarks on the unusual nature of the situation spark discussions on potential precedents and institutional dynamics.