
The university will pay an exit fee of $7.5 million, which is $2 million more than the original price.
"We have appreciated and enjoyed our membership in the Big East and wish them much success in the future," said Pittsburgh athletic director Steve Pederson in a statement. "We are anxious to compete in our final season in the Big East and look forward to an exciting future in the Atlantic Coast Conference."
Pittsburgh follows Syracuse in this realignment process, which underwent the same departing agreement on Tuesday.
The addition of both schools will give the ACC 14 teams in 2013: The Panthers will compete in the Coastal division, while the Orange battle in the Atlantic.
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