West Virginia announced an official settlement this morning with the Big East Conference, ending the civil cases that began more than three months ago and opening the door for the program to be members of the Big 12 on July 1.
The University released a statement that didn’t share many details of the breakdown of the settlement and said “the agreement prohibit discussion of the details.”
However, it is expected to total around $20 million as the Post-Gazette reported last week.
From AD Oliver Luck in a release:
“Our membership in the Big 12 offers WVU significant advantages,” said Luck. “The Big 12 is a strong and vibrant conference academically and athletically. We look forward to the potential academic and athletic partnerships and financial opportunities that membership in the Big 12 offers."
“This closes a chapter and opens a new one filled with exciting possibilities for WVU’s future. I’ve heard from Mountaineer fans across the country who have made it very clear that they are proud and honored to be heading into the Big 12.”
The school stressed in the release no state, taxpayer fund, tuition or academic support monies will be used to pay the settlement but instead will come from private sources and athletic revenues that are “independently generated.”From President Jim Clements: "We are in great company in the Big 12, joining a group of world-class research universities – many of them large public land-grant flagship institutions like WVU,” Clements said. “These schools have quality academics, research, athletic programs, winning traditions and loyal, passionate fans.”
He added, “Our partnership with the Big 12 is an investment in WVU's future. We're looking forward to the tremendous opportunities it presents – all across our university."
The Big East, meanwhile, released a statement saying that the conference hsa voted to "terminate" West Virginia's membership, effective June 30, 2012.
“West Virginia University has acknowledged and agreed that the Court in Monongalia County, West Virginia, will enter a judgment that the Big East Conference Bylaws are valid and enforceable, and will dismiss with prejudice all of West Virginia’s claims against the Conference."
This news also means the Big 12 schedule is due out. WVU new media director John Antonik tweeted "look for the football schedule to be announced shortly."