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– October 18, 2011 – As part of a comprehensive realignment effort, the BIG EAST conference unanimously voted to double its exit fee from $5 million to $10 million for football members and move forward toward an expansion plan that allows for 12 football playing members, Commissioner John Marinatto announced today. The increase in exit fee will be triggered as progress is made in signing new members.
The decision was the result of a unanimous vote by the 14 presidents of the conference.
“This development is a significant step forward, as well as a positive demonstration and acknowledgement of the continued benefits of being in the BIG EAST Conference,” said Marinatto. “It sends a message to those institutions we are talking to about joining us. In addition, our members have given us their support to move towards a 12-team football model. Each of our member schools is behind this effort, and we are confident we can achieve it. We hope to have an announcement soon concerning new members.”