Louisville agrees to pay AAC $11M

ponyinNC · Post by **ponyinNC** » Wed Nov 13, 2013 2:37 pm

To the AAC in order to leave league on July 2014 according to the AAC and McMurphy

smusic 00 · Post by **smusic 00** » Wed Nov 13, 2013 3:14 pm

$Cha-Ching$

Edit: I guess, technically, the AAC lost $4 million, though

feelthehorsepower · Post by **feelthehorsepower** » Wed Nov 13, 2013 3:17 pm

They could've stayed and not have to pay that money...but then again, they will make $20 million each year in the ACC...

S....M....U · Post by **S....M....U** » Wed Nov 13, 2013 4:10 pm

ponyinNC · Post by **ponyinNC** » Wed Nov 13, 2013 5:06 pm

I should add that I also think they will leave behind a lot of $$ in basketball credits - something like 18 million dollars in basketball units over the next 6 years

MustangStealth · Post by **MustangStealth** » Wed Nov 13, 2013 5:16 pm

Louisville's agreement with the American specifies that if Rutgers is allowed to leave the league before July 1, 2015, and pays an exit fee less than $11 million, then Louisville would also get a refund for that difference.

So this is not finalized yet... we still have to get the money out of Rutgers too before we can keep it.

blackoutpony · Post by **blackoutpony** » Wed Nov 13, 2013 5:27 pm

I didn't know that Louisville gave notice in 2011 they were leaving the conference.... they planned to get out before we were ever even in it...

Louisville agrees to pay AAC $11M

Louisville agrees to pay AAC $11M

Re: Louisville agrees to pay AAC $11M

Re: Louisville agrees to pay AAC $11M

Re: Louisville agrees to pay AAC $11M

Re: Louisville agrees to pay AAC $11M

Re: Louisville agrees to pay AAC $11M

Re: Louisville agrees to pay AAC $11M