It is done. WVU is out of the Big East, and headed to the Big 12. An announcement will come today. WVMetronews with the details.
The settlement allows WVU to leave the Big East for the Big 12 on July 1, but WVU will have to pay the Big East $20 in damages.
WVU, however, will get half of that payment from the Big 12, sources say. $5 million will be a direct gift while the remaining $5 million will be returned to the Big 12 in future years by WVU taking a smaller payout from the league.