Last month the Western Athletic Conference filed a lawsuit against the Mountain West Conference, Fresno State, and the University of Nevada, seeking to prevent the two schools from leaving the WAC to join the Mountain West until after the 2011-12 school year. The schools had stated an intent to join their new conference at the end of the current school year, a move that the WAC contended would have violated its conference bylaws, and would inflict significant damage on the remaining WAC schools.
It now appears that the sides have reached an amicable resolution to their dispute. According to reports, the WAC will announce today that it has reached an agreement with Fresno State and Nevada, under which the two schools will wait until the summer of 2012 to join the Mountain West Conference. In exchange, the WAC has reportedly agreed to accept reduced exit fees from the schools upon their departure, lowering the $5 million exit fee down to around $2 million per school.