The news was first reported by ESPN.com.
Here is part of the report...
Louisville will join the Atlantic Coast Conference, becoming the sixth former Big East school to leave for the ACC, sources told ESPN.
The ACC's presidents and chancellors voted to add the Cardinals Wednesday morning to replace Maryland, which will leave for the Big Ten in 2014.
Louisville is expected to join the ACC in the same season, sources said. Big East rules require a $10 million exit fee and 27 months notice, but the Cardinals -- like several schools before them -- should be able to negotiate a higher buyout to leave before the 27-month period.