It will cost UConn $12 million to leave the American Athletic Conference and compete in the Big East by the start of the 2020 season, according to sources familiar with the discussions being held between UConn and the AAC.
The first official announcement should come on Thursday when the Big East acknowledges that it is adding UConn as its 11th member.
After that, the lawyers will take over as the divorce settlement is worked out.
AAC by-laws state that a school must give 27 months notice and pay $10 million as an exit fee, which would mean that UConn would not be available until the fall of 2021.
UConn and the Big East want to live together by the start of the 2020 season.
Neither the AAC nor UConn wants an extended 'lame duck'' relationship.
Compromise offers are already being prepared as the details are worked out, including whether UConn can remain in the AAC as a football only member, which almost certainly will be rejected.
Once the settlement financial terms are finalized, UConn can focus on finding a new home for its football program and the AAC can decide on whether it wants to add a 12th team for football and perhaps basketball.