(Coral Gables, Florida-AP) June 30, 2003 -- The University of Miami has accepted an invitation to join the Atlantic Coast Conference. The school ignored a flurry of last-minute offers from Big East officials to remain in their league.
Miami's opting to join Virginia Tech in defecting from the Big East dramatically alters the balance of power within the conferences, bringing the ACC two of the nation's strongest football programs and leaving the Big East with a big void.
Miami and Virginia Tech will begin playing in the ACC as soon as the 2004-05 season. Both remain Big East members for 2003-04, since schedules for the upcoming academic year have already been made.
Each school will pay the Big East a $1 million exit fee and the ACC a $3 million entrance fee. If Miami had made its intentions known after Monday, its exit fee could have doubled.