The League Two outfit, who have been dogged by financial issues in recent seasons, will clash with the former Premier League side in the first round of the cup in August.
"It won't solve all our problems. It's a difficult economic climate, but it will certainly help significantly," he told BBC Sport.
Exeter finished 10th in League Two last season.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | West Bromwich AlbionWest Brom | 5 | 4 | 1 | 0 | 9 | 2 | 7 | 13 |
| 2 | Sunderland | 5 | 4 | 0 | 1 | 12 | 4 | 8 | 12 |
| 3 | Blackburn RoversBlackburn | 5 | 3 | 2 | 0 | 12 | 6 | 6 | 11 |
| 4 | Burnley | 5 | 3 | 1 | 1 | 11 | 3 | 8 | 10 |
| 5 | Watford | 5 | 3 | 1 | 1 | 9 | 5 | 4 | 10 |
| 6 | Sheffield UnitedSheff Utd | 5 | 3 | 2 | 0 | 8 | 3 | 5 | 9 |
| 7 | Oxford UnitedOxford Utd | 5 | 3 | 0 | 2 | 9 | 6 | 3 | 9 |
| 8 | Derby CountyDerby | 5 | 3 | 0 | 2 | 8 | 6 | 2 | 9 |
| 9 | Leeds UnitedLeeds | 5 | 2 | 2 | 1 | 7 | 4 | 3 | 8 |
| 10 | Middlesbrough | 5 | 2 | 2 | 1 | 6 | 4 | 2 | 8 |
| 11 | Swansea CitySwansea | 5 | 2 | 1 | 2 | 5 | 3 | 2 | 7 |
| 12 | Queens Park RangersQPR | 5 | 1 | 3 | 1 | 7 | 8 | -1 | 6 |
| 13 | Stoke CityStoke | 5 | 2 | 0 | 3 | 3 | 6 | -3 | 6 |
| 14 | Coventry CityCoventry | 5 | 1 | 2 | 2 | 5 | 6 | -1 | 5 |
| 15 | Norwich CityNorwich | 5 | 1 | 2 | 2 | 4 | 6 | -2 | 5 |
| 16 | Plymouth ArgylePlymouth | 5 | 1 | 2 | 2 | 5 | 9 | -4 | 5 |
| 17 | Bristol City | 5 | 1 | 2 | 2 | 6 | 11 | -5 | 5 |
| 18 | Millwall | 5 | 1 | 1 | 3 | 8 | 8 | 0 | 4 |
| 19 | Luton TownLuton | 5 | 1 | 1 | 3 | 3 | 7 | -4 | 4 |
| 20 | Sheffield WednesdaySheff Weds | 5 | 1 | 1 | 3 | 5 | 10 | -5 | 4 |
| 21 | Preston North EndPreston | 5 | 1 | 1 | 3 | 3 | 9 | -6 | 4 |
| 22 | Hull City | 5 | 0 | 3 | 2 | 2 | 6 | -4 | 3 |
| 23 | Portsmouth | 5 | 0 | 3 | 2 | 6 | 11 | -5 | 3 |
| 24 | Cardiff CityCardiff | 5 | 0 | 1 | 4 | 1 | 11 | -10 | 1 |
| > Championship Full Table | |||||||||
