Sources tell @ENQSports that Cincinnati, Houston and UCF have reached agreement on a deal to exit the AAC and join the Big 12 on July 1, 2023. The schools were scheduled to join the Big 12 no earlier than July 1, 2024.
— Keith Jenkins (@MrKeithJenkins) June 10, 2022
— Cincinnati Bearcats (@GoBEARCATS) June 10, 2022
𝟳.𝟭.𝟮𝟯
https://t.co/3I8vC7jI5e
https://t.co/iGGAPJX8E7 pic.twitter.com/Yz5lZFxrr4
The buyout that Houston, Cincinnati and UCF will pay the AAC to depart early is $18 million, sources tell @Williams_Justin and me.
— Sam Khan Jr. (@skhanjr) June 10, 2022
Each of the three universities — Cincinnati, Houston, UCF — will pay an $18-million buyout over 14 years to the AAC, sources tell @skhanjr and me. Via @TheAthletic. https://t.co/qEYjnPtN2N
— Justin Williams (@Williams_Justin) June 10, 2022
Houston AD Chris Pezman confirms the UH/Cincy/UCF buyout total: $18 million each over 14 years
— Sam Khan Jr. (@skhanjr) June 10, 2022
The original $10 million exit fee will be paid prior to 2025, per the payment schedule in AAC bylaws, he said. The $8 million additional to be paid starting 2025 over a 12-year period
