Louisville to pay $11M exit fee and join ACC next July
NEW YORK | Louisville has agreed to pay the American Athletic Conference an $11 million exit fee so the Cardinals can join the ACC 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 more than two years’ notice and pay a $10 million exit fee. The conference announced that its members had voted to terminate Louisville’s membership on July 1, 2014, with the school agreeing to pay the conference an extra $1 million.