Oct 17, 2012, 5:17 PM EDT
NEW YORK, N.Y.–The Big East has reached a 10-year deal to continue hosting its conference tournament at Madison Square Garden in New York City, commissioner Mike Aresco announced Wednesday at the conference’s media day.
Wednesday’s announcement means that, despite rumors of a challenge from the ACC, Big East basketball will remain at The World’s Most Famous Arena. The deal adds six years to the current four-year deal that was set to expire in 2016.
The timing is key for the Big East, who is the middle of major television negotiations for the rights to its sports media, which will likely be the bedrock for the conference’s financial stability for years to come.
Syracuse and Pittsburgh will leave the Big East after the 2012-13 season, with Notre Dame reportedly beginning discussions to do the same in the near future.
To fill the void, the conference will be adding Memphis, Temple, UCF, Houston, and SMU to the mix, which gives them a presence in more major media markets than ever before, despite perhaps a downgrade in overall national recognition.
By adding Temple (Philadelphia), SMU (Dallas), Memphis, and Houston, as well as San Diego and Boise State in football, the Big East has boosted the possibility of football revenue and an increased value to the overall media deal it eventually signs.
And keeping basketball in New York City doesn’t hurt, either.
- UPDATED: 2015-2016 College Basketball Way-Too-Early Preseason Rankings 0
- 2015 College Basketball Updated Early Entry List 14
- Report: Yogi Ferrell to return to Indiana for senior season 0
- Texas point guard Isaiah Taylor returning for junior season 1
- EYBL Day 1: Jayson Tatum vs. Michael Porter Jr.; De’Aaron Fox, Jarred Vanderbilt go for big outings 0
- Providence announces return of point guard Kris Dunn for 2015-16 season 0
- Five-star guard Malik Newman commits to Mississippi State 0
- Duke lands commitment from elite PG Derryck Thornton, who will reclass (18)
- 2015 College Basketball Updated Early Entry List (14)
- UPDATED: 2015-2016 College Basketball Way-Too Early Preseason Top 25 (9)
- Louisville adds key grad transfer Damion Lee (6)
- All-MAC guard Shannon Evans to transfer from Buffalo; is athletics director Danny White at fault? (3)