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.
Advertisement

NCAAF Headlines

More inNCAAF News  

NCAAF Top Stories

Thumbnail CFB Week 1 Las Vegas Odds Las Vegas has weighed in on the games in Week 1 of the College Football Season. Here is a look at their odds.
Thumbnail College Football Week 1 Betting Guide The 2016 College Football season is underway but the majority of the action begins next week. Here's a look at some of the line movement and odds for Week...
Thumbnail Cal vs. Hawaii College Football Pick California and Hawaii kick off the 2016 college football season from Sydney, Australia tonight. Will the Rainbow Warriors cover as huge...
Thumbnail Cal, Hawaii can put up points Will tonight’s College Football Kickoff between Hawaiiand Californiaprovided plenty of offensive fireworks? Here’s our take on the total.
Thumbnail Bettors backing Cal vs. Hawaii Despite the majority of public bettors backing California for Friday’s college football kickoff contest, the line has moved in favor of Hawaii.
More inNCAAF Articles  

NCAAF Team Pages