Big East and WVU reach settlement on Big 12 move
May 9, 2012 1:36 pm
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West Virginia and the Big East reached a settlement Thursday night, agreeing verbally to a deal that lets the Mountaineers leave the conference to join the Big 12 by July 1, multiple sources with knowledge of the situation told the Post-Gazette.
The agreement includes a sizable financial payout by the Mountaineers to the Big East that when all told could climb to around a $20 million, said sources.
The figure is expected to include a cash payment of $11 million by West Virginia, but also may include money owed to the University by the conference.
A final figure could not be confirmed Thursday night.
A formal agreement, pending any last minute snags, is expected as early as Friday.
First Published February 9, 2012 10:56 pm
