NCAA FB

Rutgers to pay $11.5 mil to leave AAC this year

Share This Story

   
 

Rutgers will pay $11.5 million to the American Athletic Conference as part of an agreement that will allow the school to enter the Big Ten this summer.

The school and the conference announced the deal Wednesday.

Rutgers has already paid $5 million to the AAC, including revenue withheld by the conference. The school also agreed to drop a lawsuit challenging the conference's exit fee. Rutgers said the conference was asking for $15 million from the school.

Rutgers officially withdrew from what was then called the Big East on Nov. 21, 2012, when it accepted an invitation to join the Big Ten. The Big East changed its name to the American Athletic Conference last year.

''I deeply appreciate the leadership and insight Commissioner Aresco provided us as we worked together for an outcome that allowed Rutgers and the American Athletic Conference to enter this new era in their history effectively. The American has been a wonderful home for our student-athletes and we wish them well in their future endeavors,'' Rutgers University Athletics Director Julie Hermann said in a statement.

American Athletic Conference bylaws require departing members give 27 months' notification before leaving the conference, though several other schools - including Louisville, West Virginia, Syracuse and Pittsburgh - had negotiated early exit fees.

Rutgers will officially become a member of the Big Ten on July 1.

''I am pleased to announce this agreement and I want to thank Athletics Director Julie Hermann for her leadership and efforts in completing it,'' American Athletic Conference Commissioner Mike Aresco said in a statement. ''We wish Rutgers University well and appreciate the contributions the University has made to our Conference over the years.''

Louisville agreed last year to pay $11 million to leave the American after this season and join the Atlantic Coast Conference on July 1. Louisville did not file a lawsuit against the American and had notified the conference it planned to leave more than a year before accepting an invite to the ACC.

The AAC will add East Carolina, Tulane and Tulsa next season and Navy is set to join as a football member in 2015, giving the conference 12 football schools.

Tagged: Rutgers, Louisville

Related Stories

Member Comments

Please note by clicking on "Post comment" you acknowledge that you have read the Terms of Use and the comment you are posting is in compliance with such terms. Be Polite. Inappropriate posts may be removed by the moderator.

powered by

College Football Pick'em on FOX


NCAA FB Videos

AJ Pasquale's journey back to UCLA Posted: Jun 17, 2014
UCLA football ops intern AJ Pasquale describes his own personal journey after th...

Winston issued adult civil citation Posted: Apr 30, 2014
Get the latest news surrounding Jameis Winston's recent shoplifting fiasco.

Mark Emmert against unionization Posted: Apr 06, 2014
NCAA president Mark Emmert comments on unionization for student-athletes.

Get Inside the Locker Room with Scout.com

Fox Sports Store

    itemName itemURL imageSrc price itemDescription
    Nike Florida Gators Gridiron 2012 Team Issue T-Shirt - Royal Blue http://shop.foxsports.com/FOX_Florida_Gators/browse/featuredproduct/759777/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_759000/ff_759777_xl.jpg&w=100 24.95 Nike Florida Gators Gridiron 2012 Team Issue T-Shirt - Royal Blue
    Nike Michigan State Spartans Football 2012 Team Issue T-Shirt - White http://shop.foxsports.com/FOX_Michigan_State_Spartans/browse/featuredproduct/760171/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_760000/ff_760171_xl.jpg&w=100 24.95 Nike Michigan State Spartans Football 2012 Team Issue T-Shirt - White
    Nike USC Trojans Fight On My School T-Shirt - Cardinal http://shop.foxsports.com/FOX_USC_Trojans/browse/featuredproduct/761373/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_761000/ff_761373_xl.jpg&w=100 24.95 Nike USC Trojans Fight On My School T-Shirt - Cardinal
    Nike Alabama Crimson Tide Elite Force Coaches Sideline Performance Polo - Crimson http://shop.foxsports.com/FOX_Alabama_Crimson_Tide/browse/featuredproduct/829709/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_829000/ff_829709_xl.jpg&w=100 64.95 Nike Alabama Crimson Tide Elite Force Coaches Sideline Performance Polo - Crimso..
    Nike LSU Tigers Elite Force Coaches Sideline Performance Polo - Purple http://shop.foxsports.com/FOX_LSU_Tigers/browse/featuredproduct/829740/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_829000/ff_829740_xl.jpg&w=100 49.99 Nike LSU Tigers Elite Force Coaches Sideline Performance Polo - Purple
    Nike Oklahoma Sooners Legacy 91 Dri-FIT Adjustable Coaches Cap - Crimson http://shop.foxsports.com/FOX_Oklahoma_Sooners/browse/featuredproduct/830935/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_830000/ff_830935_xl.jpg&w=100 21.95 Nike Oklahoma Sooners Legacy 91 Dri-FIT Adjustable Coaches Cap - Crimson
    adidas Notre Dame Fighting Irish Hot Sideline Jacket - Navy Blue http://shop.foxsports.com/FOX_Notre_Dame_Fighting_Irish/browse/featuredproduct/861243/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_861000/ff_861243_xl.jpg&w=100 69.95 adidas Notre Dame Fighting Irish Hot Sideline Jacket - Navy Blue
    adidas Nebraska Cornhuskers Sideline Hot Quarter Zip Jacket - Scarlet http://shop.foxsports.com/FOX_Nebraska_Cornhuskers/browse/featuredproduct/861247/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_861000/ff_861247_xl.jpg&w=100 69.95 adidas Nebraska Cornhuskers Sideline Hot Quarter Zip Jacket - Scarlet
    Nike Alabama Crimson Tide 2012 BCS National Champions Players Locker Room Snapback Hat - Charcoal/Black http://shop.foxsports.com/FOX_Alabama_Crimson_Tide/browse/featuredproduct/1087345/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_1087000/ff_1087345_xl.jpg&w=100 29.95 Nike Alabama Crimson Tide 2012 BCS National Champions Players Locker Room Snapba..
    Nike Alabama Crimson Tide 2012 BCS National Champions Locker Room T-Shirt - Ash http://shop.foxsports.com/FOX_Alabama_Crimson_Tide/browse/featuredproduct/1093431/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_1093000/ff_1093431_xl.jpg&w=100 24.95 Nike Alabama Crimson Tide 2012 BCS National Champions Locker Room T-Shirt - Ash