https://www.mercurynews.com/2023/09/12/uc-regents-meeting-to-include-discussion-of-cals-move-into-the-acc-which-could-be-costly-for-ucla/
UC regents meeting to include discussion of Cal’s move into the ACC (which could be costly for UCLA)

The University of California regents will discuss Cal’s move into the Atlantic Coast Conference next week on UCLA’s campus. It’s an appropriate location given that the governing board is expected to consider whether to impose a subsidy on the Bruins — the so-called Berkeley tax, or Cal-imony.

[…]

Because the session is closed to the public, the regents won’t vote on whether to eventually force UCLA to turn a portion of its Big Ten jackpot
into an annual “contribution” to Cal’s athletic department.
But sources believe it will be discussed in detail.
The controversial issue first surfaced last summer, after UCLA announced it would enter the Big Ten in 2024 (along with USC) and leave its sister
campus behind.
Expecting the depleted Pac-12 to lose significant media revenue without the
Los Angeles market, the regents voted in December to retain the authority
to force the Westwood campus to subsidize Berkeley:


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The University of California regents will discuss Cal’s move into the Atlantic Coast Conference next week on UCLA’s campus. It’s an appropriate
location given that the governing board is expected to consider whether to impose a subsidy on the Bruins — the so-called Berkeley tax, or Cal-imony.

Meanwhile, Davis, Irvine, Merced, Riverside, Santa Barbara, San Diego, and Santa Cruz are wondering what they are going to get out of this to prop up their athletic departments. Probably throw in San Francisco while they're at it - UCSF is a medical
school, so it has no interscholastic sports, but I seem to recall the school having issues with the Chase Center (mainly with traffic), which hosted an NCAA men's basketball regional in 2022, so technically it's college sports related.

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