By multiple accounts, Valentine's Day is the day for the West Virginia Mountaineers to finally flee the clutches of the Big East for the Big 12. The spurned conference will announce soon that WVU has left and will compete in the Big 12 in 2012-2013, CBS Sports' Brett McMurphy reports. He also reports the Syracuse Orange and Pittsburgh Panthers won't leave early for the ACC.
Regarding that $20 million buyout West Virginia owes the Big East for splitting early, the MetroNews reports $2.5 million has already been paid, along with an interesting structure for the next $10 million:
WVU, however, will get half of that payment from the Big 12, sources say. $5 million will be a direct gift while the remaining $5 million will be returned to the Big 12 in future years by WVU taking a smaller payout from the league.
The remaining $7.5 million could be composed of money that the Big East owed West Virginia anyway, meaning the 'Eers could get out of the deal without having to pay much of anything. See what a little lawyerin' and a little patience can get you?
For more on the Mountaineers fight to leave the Big East, visit The Smoking Musket. For updates on Big East football, basketball and expansion, visit Big East Coast Bias, and stay tuned to our college conference realignment section.