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Post by chinmusic on Aug 18, 2022 19:49:28 GMT -8
Cal Board of Regents looking into potential harm to Cal from the UCLA move to the BIG-10.
UCLA's position is the move is that their move is strictly a UCLA matter and they have the right to make a change if it is beneficial to their institution.
Last year the Big-10 Media contracts paid each member school $54+ mil. The new package signed last week parcels the coverage out among NBC, CBS, Peacock Streaming and Fox, is worth $7 Billion through 2029, The member school payout is anticipated to double in the neighborhood of $ 109 M per year. UCLA and USC will have to wait a few years before receiving a full share of the Media revenue, but no matter because their initial shares will dwarf their current PAC-12 payout.
Don't expect UCLA to roll over on this one.
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Post by wilkyisdashiznit on Aug 18, 2022 21:16:38 GMT -8
Cal Board of Regents looking into potential harm to Cal from the UCLA move to the BIG-10. UCLA's position is the move is that their move is strictly a UCLA matter and they have the right to make a change if it is beneficial to their institution. Last year the Big-10 Media contracts paid each member school $54+ mil. The new package signed last week parcels the coverage out among NBC, CBS, Peacock Streaming and Fox, is worth $7 Billion through 2029, The member school payout is anticipated to double in the neighborhood of $ 109 M per year. UCLA and USC will have to wait a few years before receiving a full share of the Media revenue, but no matter because their initial shares will dwarf their current PAC-12 payout. Don't expect UCLA to roll over on this one. The regents can still squash this, if they are so inclined. UCLA were trying to be too clever by half in keeping this all on the DL. This is what happens, when you are as transparent as mud. |
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Post by chinmusic on Aug 19, 2022 7:14:22 GMT -8
I don't think that question hasn't been answered yet.
Newsom would like to think they can but the Bruin leadership doesn't think they can.
I believe less than half of California's residents pay any any form of tax but those that do have a complaint.
Why would you deny a state supported University the opportunity to add about $100m a year to their coffers?
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Post by beaverstever on Aug 19, 2022 9:25:33 GMT -8
I don't think that question hasn't been answered yet. Newsom would like to think they can but the Bruin leadership doesn't think they can. I believe less than half of California's residents pay any any form of tax but those that do have a complaint. Why would you deny a state supported University the opportunity to add about $100m a year to their coffers? It doesn’t sound like they really intend to stop UCLA from getting the money, but rather direct some of it to Cal, at least into proportion by which UCLA’s move ends up hurting Cal. |
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Post by wilkyisdashiznit on Aug 19, 2022 14:12:47 GMT -8
I don't think that question hasn't been answered yet. Newsom would like to think they can but the Bruin leadership doesn't think they can. I believe less than half of California's residents pay any any form of tax but those that do have a complaint. Why would you deny a state supported University the opportunity to add about $100m a year to their coffers? It doesn’t sound like they really intend to stop UCLA from getting the money, but rather direct some of it to Cal, at least into proportion by which UCLA’s move ends up hurting Cal. That may be the solution. Or they may force UCLA to stay in the conference in all sports but basketball and football. Or they may put the kibosh on all of this, because they 100% have the power to do so. |
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Post by wilkyisdashiznit on Aug 19, 2022 14:23:52 GMT -8
I don't think that question hasn't been answered yet. Newsom would like to think they can but the Bruin leadership doesn't think they can. I believe less than half of California's residents pay any any form of tax but those that do have a complaint. Why would you deny a state supported University the opportunity to add about $100m a year to their coffers? The Regents came out of their meeting two days ago with the understanding that they still retained the ability to undo any move made by UCLA. It sounds like UCLA overestimated the grant of authority by the Regents. |
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