Posted November 13, 2013

Louisville agrees to pay $11M exit fee to the American, will join ACC July 1, 2014

ACC, American Athletic Conference?, Conference Realignment, Louisville Cardinals
Louisville Cardinals

Preview Louisville and the AAC have reportedly settled on an $11 million exit fee. (Jared Wickerham/Getty Images)

It was never really in doubt, but logistical hang-ups were keeping Louisville from officially exiting the American Athletic Conference and joining the ACC. Up until a few days ago, it was a foregone conclusion that the Cardinals would join the ACC in July of 2014, but recent reports mentioned that the exit fee hadn’t yet been worked out, and that Maryland’s inability to reach an agreement with the ACC in its move to the Big Ten was causing some delay. (You can’t really have the buyer and seller living in a house at the same time, I guess.)

On Wednesday, Louisville athletic director Tom Jurich and AAC commissioner Mike Aresco met and settled on an exit fee of $11 million, according to ESPN’s Brett McMurphy. This allows the ACC to officially bring the Cardinals into the fold on July 1, 2014, and because of Jurich’s “willingness to to work with the league to keep the dispute out of the courts,” the fee was reduced from the $15 million the conference originally was seeking, according to McMurphy.

This was a critical domino in the conference realignment game, although the Maryland and Rutgers moves are still being ironed out. If anything, it serves as a good precedent that Aresco was able to work things out with Jurich face-to-face, essentially providing a blueprint for Rutgers to make its way to the Big Ten. As for Maryland, well, maybe we can put Franklin & Bash on the case.

Welcome to the ACC, Louisville. This guide applies to you too, even though it was originally written for Notre Dame. (If you don’t want to click through, the long and short of it is Bojangles is delicious.)

5 comments
Listening
Listening

This is the right move regardless of costs.  Without joining a real conference Louisville will never get much respect.

KidHorn
KidHorn

Seems like good move for both the ACC and Louisville.

Rickapolis
Rickapolis

I have a GREAT idea for Maryland. Instead of paying a cash exit fee, they can give them Randy Edsall. His coaching experience and expertise is surely worth however many millions the ACC wants. Of course, as a consequence, Edsall can no longer coach the Terrapins. As a matter of fact, that should start RIGHT THE **** NOW. Give him car fare to the ACC offices and be rid of him forever. Please. Do it today. 

CheeseyMcCheeser
CheeseyMcCheeser

Perhaps you didn't notice, but Louisville, KENTUCKY is a Southern city. That guide you said applies to us is all about acclimating Northerners to the ways of the South. For your information, we know all about Bojangles (even though they are sadly no longer here), cook-outs, sweet tea and lemonade, tailgating, BBQ, and we have our very own take on the Southern accent. Actually, we have several takes on the Southern accent, depending on where in our fair SOUTHERN city you happen to live. Maybe we should be writing a guide for you folks.

MatthewEugeneHaag
MatthewEugeneHaag

@CheeseyMcCheeser Actually since you still get snow you could be considered North Southreners.  I did basic and Knox and got to go into L'Ville for some time off during Parents Day.