UNSUPPORTED BROWSER
Basketball

AP Source: Louisville to pay $11 million AAC exit fee

Photo: Andy Lyons/Getty Images

Louisville director of athletics Tom Jurich is eager to get the Cardinals to the ACC.

NEW YORK (AP) - A person familiar with the negotiations tells The Associated Press that Louisville has agreed to pay the American Athletic Conference an $11 million exit fee so the Cardinals can join the Atlantic Coast Conference next year.

Louisville announced last year that it planned to leave what was then called the Big East and join the ACC. Conference bylaws for the American require members to give two years' notice and pay a $10 million exit fee.

The conference announced Wednesday that its members had voted to terminate Louisville's membership on July 1, 2014. The person familiar with the situation says the school agreed to pay the conference an extra $1 million after amicable negotiations. The person spoke on condition of anonymity because financial terms were not disclosed.

Close

To continue enjoying content from the most trusted name is sports, please be sure to update your current bookmark.

Our updated web address is http://www.si.com.

To continue enjoying content from the most trusted name is sports, please be sure to update your current bookmark.

Just follow these 4 easy steps:

  1. Click the Chrome menu on the browser toolbar.
  2. Select Bookmarks.
  3. Select Bookmark manager.
  4. Locate your current Sports Illustrated bookmark, click the Organize menu, then select Edit. You can now easily update the web address of your Sports Illustrated bookmark.

    Our updated web address is http://www.si.com.

To continue enjoying content from the most trusted name is sports, please be sure to update your current bookmark.

Just follow these 2 easy steps:

  1. Click the Safari bookmark manager on the browser toolbar.
  2. This will open the Bookmarks Bar. In the Bookmarks Bar, select your Sports Illustrated bookmark and manually edit the Address field.

    Our updated web address is http://www.si.com.

To continue enjoying content from the most trusted name is sports, please be sure to update your current bookmark.

Just follow these 3 easy steps:

  1. Click the Firefox bookmark manager on the browser toolbar.
  2. Select Show All Bookmarks.
  3. This will open the library window. In the Library window, select your Sports Illustrated bookmark and manually edit the Location field.

    Our updated web address is http://www.si.com.
Don't Show This Again