banner

NHL

more stats

Rutgers, AAC settle exit fee dispute

Providence, RI (SportsNetwork.com) - Rutgers University and the American Athletic Conference announced an agreement Wednesday that will allow the Scarlet Knights to leave the conference effective July 1, 2014.

Financial terms were not disclosed, but reports indicate Rutgers will pay an $11.5 million exit fee.

The AAC sought $15 million because Rutgers didn't give the necessary 27-month notice. However, Rutgers was suing the conference because Louisville, which is leaving the AAC for the ACC next season, only paid an $11 million exit fee.

"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 Wednesday.

Rutgers had already announced it would be joining the Big Ten effective July 1, 2014.

With Rutgers and Louisville leaving the AAC next season, the conference is adding East Carolina, Tulane and Tulsa. The 11-member conference will also feature UConn, UCF, Cincinnati, Memphis, Houston, SMU, Temple and South Florida.

02/12 14:51:29 ET

Other Stories

Hurricanes

Canes lose, 5-4, to Islanders 2
Calvert, Dano lead Blue Jackets past Hurricanes

Matt Calvert had two goals and an assist and rookie Marko Dano also scored twice in the third period in the Columbus Blue Jackets' 6-3 exhibition victory over the Carolina Hurricanes on Wednesday night.

Related Stories
  • NFL: Minnesota at Green Bay

    Tonight at 8:25 on WRAL-TV

  • Football Friday with Tom Suiter

    Tomorrow at 11:35 pm on WRAL-TV

  • ACC: Virginia Tech at UNC

    Saturday at 12:25 pm on WRAL-TV

  • SEC: Alabama at Ole Miss

    Saturday at 3:30 pm on WRAL-TV

  • Football Friday with Tom Suiter

    Tomorrow at 11:35 pm

Scoreboard
Local
Final
CLB 6
CAR 3
Final
PIT 0
SFG 8
5:37pm Tonight
BAL
DET
9:07pm Tonight
ANA
KAN
7:00pm Tonight
FIU
FATL
7:00pm Tonight
HOU
UCF
10:30pm Tonight
OREG
ARZ
Final
CLB 6
CAR 3
Final
BUF 6
WAS 1
Final
DET 0
PIT 2
Final
CHI 1
MON 3
Final
EDM 3
ARI 2
7:00pm Tonight
NJD
NYI
 
7:00pm Tonight
WAS
PHI
 
7:30pm Tonight
FLA
TAM
 
8:00pm Tonight
STL
MIN
 
9:00pm Tonight
COL
LOS
 
9:00pm Tonight
EDM
VAN
 
9:00pm Tonight
CAL
WIN
 
8:25pm Tonight
GBP
MIN