Big East Drops Lawsuit Against TCU, Will Get $5 Million
The Big East has dropped its lawsuit against TCU and will
receive the $5 million it was seeking from the school after it
bailed out on a commitment to join the conference.
The Big East filed the suit last month in Washington, claiming
TCU failed to pay the league the $5 million it agreed to when the
school reneged on an agreement to become a member and instead
joined the Big 12.
Bloomberg News first reported the lawsuit had been dropped. The
Big East confirmed it in a statement to the AP on Wednesday night.
“TCU has fully discharged its obligations to the Big East and
the lawsuit is amicably settled without admission of liability of
any party,” said a statement from the Big East.
Conditions of the settlement were not released, but a person
familiar with it told The Associated Press the Big East will
receive $5 million from TCU. The person spoke on condition of
anonymity because no announcement was to be made on the agreement.
Earlier in the day, Pittsburgh and the conference announced that
the school will pay $7.5 million to join Syracuse in leaving the
Big East for the Atlantic Coast Conference on July 1, 2013. The Big
East reached a similar deal with Syracuse earlier this week.
Earlier this year, the Big East and West Virginia settled
dueling lawsuits, with the school agreeing to pay the conference
$20 million to start competing in the Big 12 this year.
TCU was never an official member of the Big East but accepted an
invite in November 2010 to join in 2012. The Big East contended TCU
agreed to pay $5 million if it didn’t. TCU accepted an invite to
the Big 12 in October and will start playing in the conference this
When the Big East filed suit against TCU, the school said in a
statement that its “administrators were surprised by this lawsuit
and believe it is premature. The University is hopeful for an
amicable resolution of this matter.”
(Copyright 2012 by The Associated Press. All Rights Reserved.)