The school's president, the Rev. John I. Jenkins, and athletic director Jack Swarbrick joined league Commissioner John Swofford and three ACC presidents for a news conference Wednesday, September 12th announcing the Irish's move from the Big East.
Swofford says "this is truly a historic moment for the Atlantic Coast Conference.''
The ACC and Notre Dame say the school will play five football games annually against the league's programs, but will be a full member in all other sports.
The ACC also says it has increased its exit fees for league schools to three times the annual operation budget - which would currently come to more than $50 million.