The Big East Conference and Syracuse University reached an agreement that will allow Syracuse to join the Atlantic Coast Conference effective July 1, 2013.

“In addition to other considerations, Syracuse will make a total cash payment to the Big East of $7.5 million,” the release said.

“This closes a chapter and opens a new one filled with exciting possibilities for the Big East’s future. With the recent addition of eight schools to the Big East, the future for the Conference has never been brighter,” said Joe Bailey, interim Big East commissioner.

Dr. Daryl Gross, Director of Athletics for Syracuse University, said: “We look forward to the new academic and athletic partnerships and the extraordinary competitive opportunities that membership in the ACC offers. We are excited about both our final season in the Big East and our long-term future with the ACC.”

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