Wow. That's big news, huh?
Of course, this will have an effect on athletics. I don't know who the new prez will be, but it'll worth it to watch how they get along with current AD, Debbie Yow. Mote just said he'd "gladly extend" Yow's contract, but that doesn't look like it'd be an option now.
This will get very interesting over the summer and fall.