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July 18, 2012
Comment from ACC Commissioner John Swofford on Pitt and Syracuse joining the ACC on July 1, 2013
“Today’s announcement that Pitt will be joining the ACC on July 1, 2013 is terrific one. It’s exciting to know that both Pitt and Syracuse will become playing members in the ACC starting with the 2013-14 academic year. I’m pleased that both schools were able to finalize agreements with the Big East. The ACC has long enjoyed a rich tradition of balancing academics and athletics and the addition of Pitt and Syracuse further strengthens this conference. Throughout this past year, we’ve been preparing to welcome both teams into our membership and we look forward to the future of the ACC with these two schools as prominent members.”
PROVIDENCE, R.I.—The Big East Conference and the University of Pittsburgh announced today that both organizations have reached an agreement on Pittsburgh’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 Pittsburgh, Big East members will vote, in accordance with the Big East’s bylaws, to terminate Pittsburgh’s membership in the Big East effective July 1, 2013, at which point Pittsburgh will join the ACC. In addition to other consideration, Pittsburgh will make a total cash payment to the Big East of $7.5 million, which includes the $5 million withdrawal fee under the Big East Bylaws applicable at the time Pittsburgh gave notice of withdrawal.
Steve Pederson, Athletic Director for the University of Pittsburgh said: “We have appreciated and enjoyed our membership in the Big East and wish them much success in the future. We are anxious to compete in our final season in the Big East and look forward to an exciting future in the Atlantic Coast Conference.”