Sebastabear said:
BearlyCareAnymore said:
southseasbear said:
BigDaddy said:
gardenstatebear said:
I am surprised that this thread has gone silent (there have been no posts in four days) with the Regents meeting tomorrow. Is it clear to everyone what is going to happen? If so, what is it? Or is there some other reason posts have stopped?
Big Ten or bust (or door No. 3): UC Board of Regents to decide UCLA's fate, finally
UC regents will meet Dec. 14 at UCLA to block or approve the move
After months of discussions and debate, surveys and presentations, the University of California Board of Regents will meet Wednesday to determine the fate of UCLA's planned move to the Big Ten in the summer of 2024.
One way or another, the saga will reach its conclusion following open and closed sessions that are scheduled to begin at 2:30 p.m. at the Luskin Conference Center at UCLA.
The chance of the governing board overturning the Bruins' move is "extremely unlikely," according to a source familiar with the process.
Rescinding any decision made by a campus chancellor UCLA's Gene Block formalized the Big Ten entry on June 30 could create a dangerous precedent within the UC system.
https://www.mercurynews.com/2022/12/13/big-ten-or-bust-uc-board-of-regents-to-finally-decide-uclas-fate/
I agree that cancelling the Southern Branch's move to the B1G is unlikely at best. Nevertheless, i would consider it a win if they divert some funding from that school to ours (and maybe the other UCs) on the ground that Westwood will be getting significantly more revenue at our expense as a result of the move.
I don't understand why anyone thinks UCLA owes us anything in this process and frankly if the roles were reversed, this board would be going apoplectic right now with outrage at the remotest hint that we could be blocked or have to pay UCLA one dime for this. I'll take a payout if we can get it, but I don't know the justification for that. Especially since UCLA has an obvious argument. "Look at them. It isn't our fault the Big 10 doesn't want them".
Yeah except for the fact that UCLA achieved their "success" by running $100 million deficit in athletic spending over the last few years. Money that came from the Regents and ultimately the people of the state of California. So it's not exactly as if they earned anything. Or is it they did it's just happening to be located in the nation's largest media market. Give me $100 million annually and I will put Cal in the top 10. Guaranteed.
This is pure ant and the grasshopper parable stuff
A fact that I think is outrageous. (to be clear, it isn't $100million annually, it is $102M over three years) I just don't see what that has to do with Cal. If the Regents wanted to use the opportunity to impose conditions that their athletic department doesn't run deficits and that they have to pay back anything they already ran up, I'd be all for it. What does that have to do with Cal who is also running large deficits? But I'm not sure we are the ones who should be bringing up paying for athletic deficits. Every other UC may have something to say.
I'd suggest you read this breakdown.
https://www.mercurynews.com/2022/01/27/pac-12-finances-as-covid-whacks-the-budgets-cal-and-ucla-experience-wildly-different-outcomes/Cal makes their athletic books balance by writing huge checks from the university to the athletic department and calling it revenue. ($20M last year and $25M the year before). UCLA doesn't do that. According to the balance sheets, Cal had athletic revenue of $94M last year and UCLA had $47M. If you were to say that is obviously ludicrous, you'd be right. Bottom line is that Cal has $39M in "revenue" on the athletic department's books last year that was clearly not generated by athletics ($20M which is just a check from the university so is in no way revenue to Cal, just an accounting method of shifting athletic department deficits to the general campus) while UCLA had $3M. Further, UCLA's athletic department pays another campus department for using Pauley Pavillion, which is just taking from one bucket and moving to another. It is shown as debt to the athletic department, but it is not an actual cost to the university as a whole. Cal is also paying for a good chunk of facilities cost (as in a large chunk of the debt service on the stadium - around $11M) out of the general fund, which UCLA doesn't do. (I happen to think it was fair to take that off of the athletic department books, but again, UCLA's athletic department's financial statements have significantly higher facilities expenses because they don't account for the university paying it off out of the general fund). When you account for all of this, Cal is still probably doing less badly than UCLA over the past two years, but it is pretty close. Both departments are losing tons of money. Cal just writes the checks to the athletic department before the financial statements are issued and UCLA writes them after.
Fact is that both Cal and UCLA have been relying on a gravy train that is coming to an end and both should have seen it coming. UCLA thinks they can keep it going by going to the Big 10, which I think is very questionable. Frankly, I think they will get a bigger pay out, will get pummeled in conference, will lose even more of its donors and ticket sales, and have significantly increased expenses and they will be looking at best at a wash and I'd bet they will lose even more money.
And as you say, ultimately it is the people of California that are paying for this (and the students through tuition). It was one thing when it was a few million here or there, but tens of millions is something that gets noticed. Neither should think they can keep doing this much longer.
Edit:
Doing a little more on this. During the same three year time period that UCLA lost $102M, Cal wrote roughly $50M in checks to the athletic department directly and paid $33M toward athletic facilities that UCLA does not pay for their athletic department. And even including those contributions to the athletic department, Cal athletics lost $12.5 over that period. So my math says you have $95.5M of that $100M you were looking for to guarantee that top 10 finish. That doesn't include a $17M "other operating revenue" last year that is not explained and is not normal when compared to prior years, and some other revenue items that are hard to map to anything and are not included in UCLA's balance sheets.
There is simply no way Cal athletics made $47M more in revenue than UCLA (double) last year. If you told me Cal's expenses were a lot lower (they weren't), I'd believe you. But I'm not believing that revenue number. (and given we know at least $20M was not real, I have pretty good reason not to believe it.