Skip to content

Pitt settles its exit dispute with the Big East too

Pittsburgh Voted In To ACC League Getty Images

When Syracuse reached an exit agreement with the Big East earlier this week allowing the Orange to leave for the ACC in 2013, it was expected that Pitt wouldn’t be too far behind.

That has indeed become the case. In a joint release, the Big East and Pitt announced that the Panthers will also be joining the ACC on July 1, 2013 as well. And, like Syracuse, Pitt will pay a buyout of $7.5 million, or 150 percent of the old conference bylaws mandating a $5 million exit fee.

Pitt had previously filed suit against the Big East in May, likely out of fear that they would be held to the 27-month waiting period since the conference was going through a period of instability with leadership (John Marinatto had “resigned”) and lacked a solid TV deal.

Below is the release from the Big East:

The Big East Conference and the University of Pittsburgh announced today that both organizations have reached an agreement on Pittsburgh’s departure from the Big East and move to the Atlantic Coast Conference (ACC). Under the terms of the agreement reached between the Big East and Pittsburgh, Big East members will vote, in accordance with the Big East’s bylaws, to terminate Pittsburgh’s membership in the Big East effective July 1, 2013, at which point Pittsburgh will join the ACC. In addition to other consideration, Pittsburgh will make a total cash payment to the Big East of $7.5 million, which includes the $5 million withdrawal fee under the Big East Bylaws applicable at the time Pittsburgh gave notice of withdrawal.

“This is another step for the Big East to take toward a very exciting future. With the addition of our eight new members, the Big East will be incredibly strong and vibrant,” said Joe Bailey, Interim Commissioner of the Big East.

Steve Pederson, Athletic Director for the University of Pittsburgh said: “We have appreciated and enjoyed our membership in the Big East and wish them much success in the future. We are anxious to compete in our final season in the Big East and look forward to an exciting future in the Atlantic Coast Conference.”

Permalink 6 Comments Feed for comments Latest Stories in: American Athletic Conference, Atlantic Coast Conference, Pittsburgh Panthers, Rumor Mill, Syracuse Orange, Top Posts
6 Responses to “Pitt settles its exit dispute with the Big East too”
  1. corvusrex96 says: Jul 18, 2012 8:09 PM

    Pitt should have waited.
    An invitation to the BIG Ten might be in the mail. I hear one member will not be playing football anymore.

  2. Ben Kercheval says: Jul 18, 2012 8:36 PM

    corvusrex96, don’t you know contracts mean nothing? :)

  3. roundup5 says: Jul 18, 2012 8:49 PM

    The Big Least has the best future of any conference. They
    are going to demand a 800 million contract from The
    Cartoon Network. Their games will be televised starting
    at 2AM, every other Wednesday. The Road Runner cartoons
    will be shown during half-time!

  4. corvusrex96 says: Jul 18, 2012 8:50 PM

    You know I was half joking about Pitt to Big10 but ya know after the past 7 months I can’t say that I would be shocked if Pitt or ND was in and PSU out.

  5. drummerhoff says: Jul 18, 2012 10:57 PM

    Pitt plays football?

  6. ancientcougar says: Jul 19, 2012 12:19 AM

    Wouldn’t be shocked to see ND join the BigE in all sports.

Leave a Reply

You must be logged in to leave a comment. Not a member? Register now!