http://dailymail.com/News/breakingnews/2...uild=cache
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.
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In that proposed scenario,
WVU's $11 million payment would cover three things: The Big East's $5 million exit fee, Boise State's $5 million buyout fee, and $1 million to match what each Big 12 school is paying.
That would raise the total value of the settlement to $20 million.
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Under the conditional agreement,
the Big East will now take the money WVU was offering to find a replacement and use it however it chooses.