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I read in an article today that WVU paid $500K to get out of the deal because it was less than a year away, but that FSU will have to pay to get out of the return game (which will be $300K if done more than a year in advance).
There is language in the contract that states that the fees can be waived if "suitable" replacements are made. If, in fact, WVU gets into the Big 12 in 2012 and the Big East cannot find a replacement, it would seem feasible that FSU could play a Big East team (maybe Pitt or Syracuse, to benefit their future ACC relationship?).
I am half wondering if there is a chance that Syracuse and Pitt make the late move to the ACC in 2012 and the whole point is moot.
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