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SBD/February 13, 2014/Colleges
Rutgers To Pay AAC $11.5M Settlement For Exit Out Of Athletic Budget
Published February 13, 2014
SEPARATION ANXIETY: A school spokesperson said that Rutgers under the deal "will not pay the entire $11.5 million exit fee in a single check," as it already has paid $5M to the AAC -- $2.5M when it announced it was leaving last year and an additional $2.5M the conference withheld from the school last June. The spokesperson added that the remaining $6.5M "will be paid over four years, with Rutgers sending the first payment Sept. 1," and that the school also will receive a $1.5M payment from the AAC this spring for its December appearance in the New Era Pinstripe Bowl (NJ.com, 2/12). ESPN.com's Brian Bennett wrote under the header, "B1G Expects Easy Move For Terps, Rutgers." Big Ten Senior Associate Commissioner Mark Rudner said, "I think we’re in a pretty good place. We've sort of approached Rutgers and Maryland as we approached Nebraska three years ago: we acclimate them, help them, welcome them and integrate them. And then, we really go forward and don’t look back" (ESPN.com, 2/12).