Posted February 12, 2014

Big Ten-bound Rutgers will pay $11.5M exit fee to American Athletic Conference

Rutgers Scarlet Knights
Rutgers Scarlet Knights

Rutgers will reportedly pay an $11.5 million exit fee to leave the AAC. (Maddie Meyer/Getty Images)

As it prepares to join the Big Ten, Rutgers is set to pay an $11.5 million exit fee to leave the American Athletic Conference, according to ESPN’s Brett McMurphy.

Per McMurphy, the AAC sought $15 million from Rutgers. Earlier this month, Rutgers agreed to settle a lawsuit with the former Big East conference over the original $15 million exit fee.

Not long after the school announced its plan to realign to Big Ten, Rutgers filed a lawsuit arguing that it should not have to pay the full exit fee. The school also did not want to wait the required 27 months before leaving, arguing that other schools had been able to bypass similar policies in the past.

In November, Louisville reached an agreement to jump to the ACC with an $11 million exit fee, short of the $15 million requested by the AAC. The Cardinals’ negotiations helped Rutgers land a lower exit fee, McMurphy reports.

With the agreement, Rutgers is set to join the Big Ten on July 1.

8 comments
ready61
ready61

Congratulations goes to Rutgers for gaining membership in a power 5 conference. 

davetheG
davetheG

Big 10 will force Texas to give up the Longhorn network and the Big 10 have equal sharing, unlike the Big 12 where Texas and OU get the big piece of the pie. Pac  asked Texas but when they wouldnt give up their Longhorn network the Pac passed.  Texas could go Indy easily, so surprised they dont

Notre Dame makes more as Indy so there is no reason to join a conference.

RichLGerhold
RichLGerhold

@davetheG With the various conferences building up their numbers, the available slots for an independent program to play other conference teams is dwindling. ND already faced that prospect when they had to reduce obligations with some annual games against the Big10. 

And if the Pac 12, Big10, SEC, and ACC at some point start pushing towards a 16 team conference each, I honestly don't see an independent being an ideal maneuver for the money available in 10-20 years, especially considering all the talk about the big 5 conferences effectively separating away from the NCAA to address players abilities to get paid, avoiding Title IX issues, and other things that frankly the NCAA is in effect causing more problems then they're worth.  

ready61
ready61

@badboykilla4rilla  I don't think you'll see Texas or ND going to the BIG10.  ND has many albums along the east coast and in the south; and have an identity with many of the ACC teams; and they like the ACC playing venues in the east, mid-atlantic and south to compete.

TimHarb
TimHarb

@badboykilla4rilla  Probably not. A lot of conferences do not want to deal with a Texas that believes they are the god's gift to football.

TimHarb
TimHarb

@badboykilla4rilla I would prefer to see Oklahoma go to the big 10 with KU. KU would be great basketball addition.