{"id":50207,"date":"2022-12-15T10:47:46","date_gmt":"2022-12-15T15:47:46","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/ucla-cleared-to-make-big-ten-move-pay-berkeley-tax-50207"},"modified":"2022-12-15T10:47:46","modified_gmt":"2022-12-15T15:47:46","slug":"ucla-cleared-to-make-big-ten-move-pay-berkeley-tax","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/ucla-cleared-to-make-big-ten-move-pay-berkeley-tax-50207","title":{"rendered":"UCLA cleared to make Big Ten move, pay \u2018Berkeley tax\u2019"},"content":{"rendered":"
\n

UCLA is officially on its way to the Big Ten Conference<\/u><\/a>.\u00a0<\/p>\n

After announcing its intention to leave the Pac-12 conference in June \u2013 along with USC \u2013 the UC Board of Regents finally voted to allow the departure of the Bruins<\/u><\/a> from the conference it has called home since the 1920s.\u00a0<\/p>\n

“We looked at the reality of where we are and what the alternatives were,” board of regents chair Rich Leib said, according to ESPN. “And I think in the end we just decided that the best thing to do is the way we did it, which is conditions, but allow them to go.”<\/p>\n

MISSISSIPPI STATE HAS AGREED TO TERMS WITH MIKE LEACH\u2019S SUCCESSOR: REPORT<\/u><\/strong><\/a><\/p>\n

UCLA\u2019s move to the Big Ten<\/u><\/a> has been more complicated than USC\u2019s as the Bruins are a public institution and part of the University of California system.\u00a0<\/p>\n

The move has been scrutinized by the Board of Regents as it will have a substantial impact on the other UC school in the Pac-12 \u2013 UC Berkeley.\u00a0<\/p>\n

In allowing the move, the Board of Regents approved an amendment referred to as the “Berkeley Tax,” which will require UCLA to pay Cal<\/u><\/a> between $2 million to $10 million annually in order to offset Cal\u2019s loss of revenue due to UCLA\u2019s departure, according to the LA Times. <\/p>\n

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM<\/u><\/strong><\/a><\/p>\n

“A lot of people felt it was important that we somehow made Berkeley, not whole, but we at least help them in that situation,” Leib said. “In the end, we\u2019re a system, not an individual campus. So this was an unusual situation that happened; we\u2019ve never had a situation where a decision by one campus had this kind of impact on another campus within our system.”<\/p>\n

UCLA will also be required to provide additional funds for travel, academic support, mental health services, and nutritional improvements for student-athletes.\u00a0<\/p>\n

The two schools are expected to make the jump to the Big Ten in August 2024.\u00a0<\/p>\n

“The landscape of collegiate athletics is evolving, and the Big Ten Conference is in a position of stability and strength with unmatched opportunities, exposure and resources for our member institutions and student-athletes,” Big Ten commissioner Kevin Warren said in a statement.\u00a0<\/p>\n

“With the collective goals to prioritize the health and well-being of our student-athletes and forward our academic and athletic mission under the umbrella of higher education, we will continue our methodical integration process of UCLA and USC into the Big Ten Conference.”<\/p>\n

UCLA and USC\u2019s addition to the Big Ten<\/u><\/a> will make it the first coast-to-coast conference.\u00a0<\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/sports\/ucla-cleared-make-big-ten-move-pay-berkeley-tax <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

UCLA is officially on its way to the Big Ten Conference.\u00a0 After announcing its intention to leave the Pac-12 conference in June \u2013 along with […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-50207","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nUCLA cleared to make Big Ten move, pay \u2018Berkeley tax\u2019 - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/ucla-cleared-to-make-big-ten-move-pay-berkeley-tax-50207\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UCLA cleared to make Big Ten move, pay \u2018Berkeley tax\u2019 - 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