You could say Nebraska saved itself over $10 million and will now leave the Big 12 for the Big Ten with a negotiated term of $9.255 million. Under the Big 12 bylaws, the conference wanted to hold $19.4 million for leaving the conference.
However, under the settlement, NU can reduce the exit fee to $8.755 million if the Cornhuskers are one of the two Big 12 teams to play in a BCS bowl game this season. Chancellor Harvey Perlman said the BCS condition was negotiated because Nebraska would be creating an additional $4-5 million to $5 million for the Big 12 if it and one other school makes it to a BCS bowl
Nebraska becomes an official member of the Big Ten on July 1, 2011.