Six weeks after it was reported that the AAC and Boise State would be headed to mediation over exit fees and penalties, the two sides have finally reached an agreement to bring the saga to a closure.
In April 2013, just four months after Boise State decided to move from the Mountain West Conference to then Big East (now American Athletic Conference), the university filed a lawsuit to get out of the 5 million penalty for leaving the league. The Big Eastdecided against moving from the Mountain West to the then-Big East (now AAC) filed a countersuit.
Friday, the two sides have made it public that they have settled,
“Boise State University and the American Athletic Conference… have agreed through mediation to resolve the litigation between them. All claims between the parties will be dismissed.”
David Southorn Tweeted the news,
Boise State, AAC settle. BSU accepts reduced exit fee. Story, along with documents of settlement. http://t.co/gVzzqIQus7
— Dave Southorn (@IDS_Southorn) July 3, 2014