Big East commissioner Mike Aresco just released a statement on Notre Dame's departure from the league.
“The University of the Notre Dame has informed us that it is joining the Atlantic Coast Conference in all sports other than football. Notre Dame has been a valued member of the Big East Conference and we wish them success in the future. However, Notre Dame’s departure does not change our plans. We have prestigious institutions that are excited to be a part of the Big East. We remain committed to making the Big East stronger than it has ever been.”
Mark Schlabach of ESPN.com also reports that Notre Dame must pay a $5 million exit fee and wait 27 months to leave the conference. Pitt, Syracuse and West Virginia all negotiated departures from the Big East that allowed them to leave without having to wait the full 27 months.
West Virginia paid $20 million to join the Big 12 for this season. Pitt and Syracuse will each pay $7.5 million to leave for the ACC in 2013.