The BIG EAST Conference and Syracuse University today announced that both
organizations have reached an agreement on Syracuse's departure from the BIG
EAST and move to the Atlantic Coast Conference (ACC). Under the terms of the
agreement reached between the BIG EAST and Syracuse, the BIG EAST members will
vote, in accordance with the BIG EAST's bylaws, to terminate Syracuse's
membership in the BIG EAST effective July 1, 2013, at which point Syracuse will
join the ACC. In addition to other consideration, Syracuse will make a total
cash payment to the BIG EAST of $7.5 million.
"This
closes a chapter and opens a new one filled with exciting possibilities for the
BIG EAST's future. With the recent addition of eight schools to the BIG EAST,
the future for the Conference has never been brighter," said Joe Bailey, Interim
Commissioner of the BIG EAST.
"We
look forward to the new academic and athletic partnerships and the extraordinary
competitive opportunities that membership in the ACC offers," said Dr. Daryl
Gross, Director of Athletics for Syracuse University. "We are excited about both
our final season in the BIG EAST and our long-term future with the
ACC."