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-> The American Athletic Conference has asked the University of Houston, Central Florida and Cincinnati to each pay an additional $35 million to leave early for the Big 12, a person with knowledge of the discussions told the Houston Chronicle.
The additional amount is on top of the $10-million exit fee, meaning the three schools would each be on the hook for $45 million to exit in 2023.
UH, UCF and Cincinnati accepted invitations to join the Big 12 last September but are contractually required to remain in the AAC through 2024. <-
-> The source said the AAC has come down in its asking price, but it remains higher than the additional $7 million that Connecticut negotiated for the right to leave early to the Big East in 2019.
AAC commissioner Mike Aresco told the Orlando Sentinel in January that the league would be willing to negotiate a higher exit fee if the schools want to leave early but “the clock’s ticking.” Aresco was hopeful the departure date could be finalized by this spring. <-