Calimony lives.
As I understand it, while individual campuses can enter into their own media agreements, the regents reserve the right to step in in cases where one campus' action harm the UC system. In this case, UCLA choosing to leave its former conference left one campus - one only - behind because of that campus' lousy athletic department.
UCLA has been ordered to pay $10 million a year through the current B1G media contract, dropping UCLA $10 million a year behind every other B1G school except for Oregon and Washington which agreed to take half shares through the current media contract which last through the 2029-30 academic year.
As an alumnus of a UC system university - UCLA - this pisses me off doubly.
Perhaps next year they can tax UCLA for bringing in big money supporting scientific or medical research because poor Santa Cruz or UC San Diego can't earn as much.