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April 22, 2013
The Atlantic Coast Conference announced a signed agreement between the member schools that is huge news for the University of Louisville.
ACC commissioner John Swofford issued a statement Monday afternoon about a new "Grant of Rights" agreement between ACC members that will carry the league through the 2026-27 season.
"This announcement further highlights the continued solidarity and commitment by our member institutions," Swofford said. "The Council of Presidents has shown tremendous leadership in insuring the ACC is extremely well positioned with unlimited potential."
Why is this huge news for Louisville? Stability.
The UofL program announced a leap from the Big East to the ACC last December - the move will take effect for the 2014 season. Louisville made the conference switch due, in part, to the instability and quickly shifting structure of the old Big East.
Now their new league partners announced a partnership that will essentially bind the league together for the next 15 years.
The agreement was unanimously signed by the future league membership: Boston College, Clemson University, Duke University, Florida State University, Georgia Institute of Technology, University of Louisville, University of Miami, University of North Carolina, North Carolina State University, University of Notre Dame, University of Pittsburgh, Syracuse University, University of Virginia, Virginia Polytechnic Institute & State University and Wake Forest University.
The ACC Council of Presidents released a statement saying, "The ACC has long been a leader in intercollegiate athletics, both academically and athletically. Collectively, we all agree the grant of rights further positions the ACC and its current and future member schools as one of the nation's premier conferences."
With the Grant of Rights agreement, any school that chooses to leave, would forfeit its media rights for the remainder of the term of the agreement.
Louisville's current league partners, Syracuse, Pittsburgh and Notre Dame, will join the ACC in the Fall of 2013. Louisville will join officially in the following year.