WVU makes it official: Big 12-bound in 2012

The Big 12 is officially back to 10 members.

West Virginia and the Big East announced this morning that the Mountaineers would leave the Big East on June 30, 2012 and join the Big 12, as planned, on July 1, 2012.

Lots more coming on this today, but here's a look at our news story.

West Virginia University says it has settled a lawsuit with the Big East conference for an unspecified amount, clearing the way for the Mountaineers to join the Big 12 in July.

Athletic director Oliver Luck says terms of the deal are confidential and WVU won't release details. But he says no state or taxpayer funds, tuition money or other academic revenues will be used. He says WVU will pay the Big East from private sources and money that athletics raised on its own.

Luck planned a news conference later Tuesday in Morgantown.

WVU sued the Big East in November, challenging its bylaws in a bid to join the Big 12. The Big East countersued four days later

"Our membership in the Big 12 offers WVU significant advantages," Luck said in a news release. "The Big 12 is a strong and vibrant conference academically and athletically. We look forward to the potential academic and athletic partnerships and financial opportunities that membership in the Big 12 offers."

Luck is scheduled to address the media later this morning via teleconference. We'll have more on that when it happens. Keep it on the blog today and in the near future as we welcome in the Mountaineers.