Lets put aside coaching salaries for a bit. This proposed amendment is a response to last years state audit which found that the UCOP’s budget practices were misleading, which resulted in the office accumulating a surplus of $175 million it did not disclose.
https://dailybruin.com/2018/05/23/proposed-amendment-to-state-constitution-limits-uc-autonomy/
The California Constitution grants broad institutional autonomy, with limited exceptions, to the Regents. By reducing the term from 12 years to 4, the legislature will gain much more control over the board’s membership.
This is a question of who much autonomy should the UC regents/President have, vs accountability to the citizens of California (via the legislature). What is the right balance for California?