Report: San Diego State reverses course, sticks with Mountain West

San Diego State plans to remain in the Mountain West after all, a source told ESPN's Pete Thamel.

The Aztecs sent a letter to the conference in mid-June saying it intended to exit. The school was rumored to be eyeing a move to the Pac-12, which will lose USC and UCLA to the Big Ten in 2024.

San Diego State would have had to pay an approximate exit fee of $16.5 million to leave by June 30. The figure would explode to nearly $34 million thereafter.

The program has been in the Mountain West since 1999 and has eclipsed double-digit wins five times since 2015.

Athletic director J.D. Wicker told CBS in January that the Pac-12 would give San Diego State full share of the media revenue to entice the school not to join the Big Ten, according to Dennis Dodd of CBS Sports. The Pac-12 is currently negotiating a new television contract.

The Aztecs' men's basketball team made the NCAA Tournament final this year, while the football program began playing in a new $300-million stadium last season.