Notre Dame and the Big East reached an agreement Tuesday allowing the Fighting Irish to leave the league two years early and join the ACC on July 1.
Early reports suggested that Notre Dame had negotiated a $2.5 million exit fee but those are untrue.
Sports Illustrated reported Monday night, however, that Notre Dame was not required to pay an exit fee because the school agreed not to seek any of the league’s exit and entrance fee revenue of about $110 million accumulated in the past few years. A source confirmed those terms to ESPN on Tuesday morning. Pittsburgh and Syracuse are also headed to the ACC for 2014.
Notre Dame, which will remain an independent in football, will play five ACC teams in that sport annually starting in 2014.
The new Big East will consist of the Catholic 7 – DePaul, Georgetown, Marquette, Providence, St. John’s, Seton Hall and Villanova – and figures to add Butler, Xavier and Creighton.
