Rutgers will pay $11.5 million to the American Athletic Conference as part of an agreement that will allow the school to enter the Big Ten this summer.
The school and the conference announced the deal Wednesday.
Rutgers has also agreed to drop a lawsuit challenging the conference's $10 million exit fee. The conference was asking for that plus more from the school because Rutgers was breaking league bylaws by exiting before a required 27-month notification period.
Rutgers officially withdrew from what was then called the Big East on Nov. 21, 2012, when it accepted an invitation to join the Big Ten.
Louisville is also leaving the American Athletic Conference after this school year. Louisville negotiated an $11 million early exit fee with the American to join the Atlantic Coast Conference.

Recent NCAAF Discussions

2016 QB Rankings on Wed, Jun 2016 by Blade
2016 Coaching Changes on Wed, Jun 2016 by Blade
2016 College Conference Previews on Mon, Jun 2016 by Blade
Hot Seat Coaches on Sat, Jun 2016 by Blade

NCAAF Headlines

More inNCAAF News  

NCAAF Top Stories

Thumbnail Saban not focused on satellite camps After spending part of last week lashing out about satellite camps, Alabama coach Nick Saban now says...
Thumbnail Briles out, Grobe in at Baylor The Baylor football team has a new coach as Art Briles has been fired and Jim Grobe will be...
Thumbnail Cal lands Davis Webb The Cal Bears may have lost the No. 1 pick in the NFL Draft at quarterback, but the Golden Bears seem to have found a good replacement...
Thumbnail FSU dismisses running back The Florida State Seminoles have parted ways with running back Mario Pender after a recent arrest.
Thumbnail Hokies suspend two defenders The Justin Fuente era of Virginia Tech football isn’t off to a great start, as two defensive players have been indefinitely...
More inNCAAF Articles  

NCAAF Team Pages