Rutgers to pay more than Louisville for right to leave the AAC

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As expected, the American Atheltic Conference confirmed today that Rutgers would be playing their football in the Big Ten next season.

The announcement comes after the two sides agreed a reported exit fee of $11.5 million - that is slightly higher than the $11 million paid by the Louisville Cardinals last November when announcing they too would be leaving the ACC in 2014.

In today's press release, the conference, which rebranded itself as the AAC in 2013 after over thirty years as the Big East, was keen to emphasise it's continued quality:

"Having enjoyed an extremely successful inaugural football is clear we have forged a strong Conference," AAC commissioner Mike Aresco said.

To compensate for the loss of both Rutgers and Louisville the AAC is welcoming East Carolina University, Tulane, and the University of Tulsa in 2014.

These programs will be followed by the United States Naval Academy in 2015.

Rutgers meanwhile will enter the Big Ten officially as of July 1, 2014 having managed to negotiate the exit fee down from the $15 million initially sought by the conference. 

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