By Matt Sugam
PISCATAWAY – It’s now officially official. Rutgers is headed to the Big Ten.
The school and the conference announced the move today at a joint press conference at the Hale Center on Rutgers campus.
Rutgers is the ninth team since 2004 to leave the Big East. Their buyout from the Big East would be $10 million and they would have to give 27 months notice.
However, the Big East allowed West Virginia, Pittsburgh and Syracuse to leave earlier than the 27-month requirement by paying a higher exit fee. The aforementioned schools paid a fee of $20 million.
Rutgers is expected to leave at the start of the 2014 season. In turn, Big Ten TV money would start to come in.
According to the St. Louis dispatch, Big Ten teams received $24.6 million last year from the TV deal. The Big East paid it’s school just $6 million from their TV deal.
However, Nebraska only received $14 million in their first year with the Big Ten, not receiving a full share their first year.
Rutgers is now the 14th member of the Big Ten Conference. According to ESPN, they’ll join the leaders Division with Ohio State, Penn State, Wisconsin, Purdue, Indiana and Maryland.