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Agreement officially clears path for Rutgers’ B1G move

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Not that there was ever any real doubt, but all of the hurdles related to Rutgers’ defection to another conference have officially been cleared.

The American Athletic Conference and Rutgers jointly announced Wednesday afternoon that the two sides have reached an agreement regarding the university’s departure from the conference.  The release added that the separation agreement settles the litigation between the two parties.

While the financial particulars were not revealed, Rutgers reportedly paid $11.5 million as its exit fee.

With the agreement in hand, Rutgers will become an official member of the Big Ten July 1 of this year.

“I am pleased to announce this agreement and I want to thank Athletics Director Julie Hermann for her leadership and efforts in completing it,” said AAC commissioner Mike Aresco in a statement. “We wish Rutgers University well and appreciate the contributions the University has made to our Conference over the years. Having enjoyed an extremely successful inaugural football season and being in the midst of an equally successful basketball campaign, it is clear that we have forged a strong Conference. We look forward to welcoming East Carolina University, Tulane University and the University of Tulsa in 2014 and the United States Naval Academy in 2015.”

“It’s been a privilege to be a member of the American Athletic Conference and to be associated with the great professionals at the league office that make The American a Conference of tough competition, class and integrity,” RU athletic director Julie Hermann said. “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 and Maryland announced in November of 2012 that the two schools would be moving (most) of their athletic programs to the Big Ten in July.  Still to be determined is when the latter can reach an agreement with its current conference.

When last we heard, the ACC was attempting to assess Maryland a $52.3 million exit fee prior to its departure for the Big Ten.  Maryland upped the ante recently, filing a counterclaim in excess of $157 million.  That counterclaim was an offshoot of the original $52 million lawsuit brought by the university against the conference.

It would be an upset of monumental proportions if the two sides didn’t reach an agreement prior to the end of June.

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8 Responses to “Agreement officially clears path for Rutgers’ B1G move”
  1. woebegong says: Feb 12, 2014 2:44 PM

    The ACC really doesn’t want to lose anybody it would appear. 57 Million appears a little high to leave the league.

  2. charles130 says: Feb 12, 2014 5:05 PM

    The ACC couldn’t have done any better in this deal…Swapping Maryland for Louisville is a home run.

  3. onbucky96 says: Feb 12, 2014 7:30 PM

    Whoa there buddy. What makes you think WE want THEM in our conference? Neither school will add anything besides viewers to the BTN.

  4. mfmsj says: Feb 12, 2014 8:29 PM

    well, Jim Delaney wanted us in your conference and he is the only one that counts.

  5. mtheparrothead says: Feb 12, 2014 9:24 PM

    Yay? I mean yawn. As if we needed weaker football schools.

  6. normtide says: Feb 13, 2014 12:12 AM

    First off, I never understand forcing someone to stay with you when they want to leave. Second, it’s clear that a team can change leagues when they want. Exit fees and Grant of rights won’t change that or stop it. The best way to keep members is to keep them happy. The ACC is known for trying to put basketball first and pandering to the NC schools.

    I always thought this was a bad move for the b1g. Your getting what you already have, b-ball programs and eyeballs. Not what you need, quality football product. Delany is one of the smarter guys out there, but hard to understand this move. Seems more out of desperation. It definitely wasn’t made out of need. The b1g needs teams that can compete with OSU, and neither of these will now or in the future.

  7. corvusrex96 says: Feb 13, 2014 10:49 AM

    With the addition of syracuse and pitt , rather than Maryland joining B1G Penn State should have joined ACC

  8. woebegong says: Feb 13, 2014 10:55 AM

    Just my opinion, but I think in a couple of years, after all the recent mess settles down with Penn. State, they are going to be stronger than either Maryland or Rutgers. I do agree though that adding these two really didn’t do a lot for the conference. I think if they want to be a super conference, which appears to be the intent, they need to select stronger teams to join the conference, not just any team, just for the sake of increasing the numbers. Maryland will help revenue though, because they are in a big TV market. Not so sure Rutgers will, even being in a big market as well. That is probably the reason though, that they are getting to join the conference.

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