04-15-2011, 06:17 PM
Quote:Cal said financial commitments totaling $9 million were presented to chancellor Robert Birgeneau on Thursday by former Golden Bears pitcher and fundraising leader Stu Gordon. The total was short of the initial $10 million goal so additional money is still needed in this effort -- but the Cal administration was confident enough to announce the program would be saved.
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Campus officials said they received between $12 million and $13 million in pledges to retain the programs -- with $8 million available to cover the costs of the three sports for seven to 10 years.
Vice chancellor Frank Yeary said at the time that the pledges specifically for baseball and men\'s gymnastics were insufficient. In February, Cal said the baseball program had raised between $1.5 million and $2.5 million, which would have covered its costs for about two years but was still well short of that $10 million goal for long-term sustainability.
http://sports.espn.go.com/ncaa/news/story?id=6309075
