LOS ANGELES (AP) The departures of Southern California and UCLA from the Pac-12 Conference could mean an estimated loss of around $13 million per year in media rights for each of the remaining schools, according to an interim report issued by University of California Office of the President.
The report was released Wednesday during a Board of Regents meeting held at UCLA to address its move to the Big Ten Conference in 2024.
California Gov. Gavin Newsom demanded an explanation from UCLA about the move when he attended last month's regents meeting in San Francisco. UCLA and USC announced on June 30 that the schools would be leaving the Pac-12 in two years. USC is a private institution and not part of the UC system.