The University of Houston will start play in the Big 12 in 2023 after the school came to an agreement on exit fees with the American Athletic Conference.
Three decades removed from a setback that jangled nerves and stirred ambitions among generations of University of Houston sports fans, the Cougars’ restoration is at hand: Beginning in the fall of 2023,UH said Friday it had reached a financial settlement with the American Athletic Conference, the Cougars’ home since 2013, to leave the conference on July 1, 2023, and join the Big 12. Big 12-bound Cincinnati and the University of Central Florida announced similar agreements with the AAC.
Past slights now will give way to renewed rivalries and a clean slate for a UH program that has spent more than $225 million on facilities in the past decade with more on the way. The three AAC schools initially planned to move to the Big 12 in 2024 but were able to negotiate an early exit with the conference, which significantly dropped its initial proposal of a $35 million buyout for each school. BYU, as an independent, had announced plans to join in 2023.
Based on this year’s Big 12 payout of $42.6 million per school, UH could receive at least $16 million for the 2023-24 school year and a projected $24 million in Year 2. According to tax documents, UH received $8.52 million from the AAC for the 2020-21 fiscal year, “All three institutions enjoyed tremendous success under the American Athletic Conference banner, and all three were instrumental in taking the conference to great heights, both athletically and academically,” Aresco said. “We wish them the best and look forward to having them compete in our conference in 2022-23.”
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