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UC Pensions Eye $2.4B Investment Amid Penn State Turmoil

10/15/2025

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Summary

Story summary

The University of California pension system is negotiating a $2.4 billion investment to create Big Ten Enterprises, yielding a 10% stake for UC and distributing funds among Big Ten schools.
Pennsylvania State University (Penn State) faces a $50 million buyout after firing James Franklin, with payout tied to his next job.
The athletic director said the department will cover costs, but funding remains tight amid a $700 million stadium renovation.

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Story summary

The University of California pension system is negotiating a $2.4 billion investment to create Big Ten Enterprises, yielding a 10% stake for UC and distributing funds among Big Ten schools.
Pennsylvania State University (Penn State) faces a $50 million buyout after firing James Franklin, with payout tied to his next job.
The athletic director said the department will cover costs, but funding remains tight amid a $700 million stadium renovation.