Louisville has agreed to pay the American Athletic Conference an $11 million exit fee so the Cardinals can join the Atlantic Coast Conference next year, a person familiar with the negotiations told The Associated Press on Wednesday. Louisville announced last year that it planned to leave what was then called the Big East and join the ACC. Conference bylaws for the American require members to give more than two years' notice and pay a $10 million exit fee. The conference announced that its members had voted to terminate Louisville's membership on July 1, 2014. More...