The ACC has increased their exit fee from the conference to $50 million after the Notre Dame Fighting Irish decided to join the conference. According to the press release, this is a three-fold increase from the previous exit fee. The fee increase was voted on by the university's Council of Presidents,
The conference had previously obtained the Pittsburgh Panthers and the Syracuse Orange from the Big East. The Florida St. Seminoles had also been rumored to be jumping to the Big 12, but that failed to materialize over the summer.
The ACC and Notre Dame had been in talks around the time of the conference obtaining Pittsburgh and Syracuse about a postseason partnership based around the Orange Bowl. Time will tell if Notre Dame joins the conference fully