Notre Dame isn't paying an exit fee. One of the first things to be confirmed about the pre-nup was that it was an agreement between three parties, the I-A Big East schools, the Non-I-A Big East schools, and Notre Dame. Any party could split after 5 years or so without paying exit fees and with an "equitable" distribution of assets.

There was definitely a 27-month waiting period for Notre DAme. There was probably a 27-month waiting period in the agreement for the two groups--that would be logical, and the Memphis AD flat out said it was so. But Aresco has never really acted like it was so--at one point he told his sock puppet Jersey Guy that he was offering the C7 the Big East name as an incentive to stay for 2013-14. Which would have made no sense for anybody--Memphis & Co would have had to rebrand twice in two years, and the C7 would have shared in the **** sandwich of a contract that Aresco negotiated.

Notre Dame was never part of the C7 group in the Prenup.