MORGANTOWN, W.Va. — West Virginia University and the Big East Conference have reached a conditional agreement to settle their legal battles against one another, a source told the Charleston Daily Mail Thursday evening.
A formal announcement could be made as early as Friday. That is also when the Big 12 is set to release its 2012 conference football schedule, media outlets reported Thursday.
The Big East will make about $20 million from the resolution, with WVU paying $11 million.
The source said the Big 12 would handle the remaining amount and the Mountaineers will enjoy full membership in that conference beginning July 1.
The source said WVU’s early exit from the Big East is no longer conditional upon Boise State joining the Big East as a replacement in 2012.
That had been an obstacle standing in the way of a conclusion, but the Big East will now take the money WVU was offering to find a replacement and use it however it chooses.
Boise State’s president said last week it was too late for his school to join.
The Broncos may still join in time for 2012, or it may indeed be too late. Either way, the source said that decision is no longer attached to the Mountaineers.
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