Mar 8, 2013, 12:35 PM EST
The split that’s been rumored to be on the horizon is now official, as the Big East Conference released a statement on Friday announcing that the two groups reached an agreement.
As a result of the move the schools originally dubbed the “Catholic 7″ will become the Big East on July 1, 2013.
No financial terms were discussed in the statement, but it’s likely that the three all-sports members (Cincinnati, Connecticut and South Florida) stand to receive a sizable amount of money due to exit fees paid by both former members of the Big East (schools such as West Virginia, Pittsburgh and Syracuse) and the Catholic schools.
“I am pleased that this agreement has been reached,” said Big East commissioner Mike Aresco in the statement. “With the long-term well-being of our outstanding institutions and their student-athletes of paramount importance, each group worked through a number of complex issues in an orderly, comprehensive and amicable manner marked by mutual respect.
“We part ways as friends and colleagues and look forward to the success of both conferences.”
“We are grateful to Commissioner Michael Aresco for spearheading an agreement that truly represents the best path forward for each of our great institutions and the thousands of student-athletes who compete for our schools annually,” the presidents of the basketball schools stated in the same release.
“It is a great credit to Mike, our colleagues, and all involved that we were able to work through a host of highly complex and time-sensitive issues in such a short period of time. We are pleased that we reached this amicable and mutually-beneficial separation by approaching each issue with a spirit of cooperation and shared respect.”
With today’s announcement two important moves need to be made by the “new” Big East: reaching an agreement for its media rights, and adding new members to complete the conference lineup. The schools which have been most prominent in reports have been Butler and Xavier, with Creighton, Dayton and Saint Louis also being mentioned as possibilities.
Both conferences will have automatic bids to the NCAA tournament, which shrinks the at-large pot from 37 bids to 36 (given the way in which some bubble teams have played down the stretch, this may be a good thing).
As for the football-playing schools who will develop a new conference they’re still looking into a name for the league, as Aresco denied reports that the “America 12 Conference” was the favorite in a separate statement.
“We have not chosen a new conference name at this time and there are no favorites. We are going through a thoughtful evaluation of potential names for our conference, and will select a name in a timely manner through a comprehensive and deliberate process that involves our presidents and athletic directors as well as constituents from inside and outside the conference. We are excited about the prospect of re-branding and look forward to working with our institutions and our fans as we engage in this process.”
Now that the important business has been settled, both entities get to move forward in hopes of making their respective leagues as strong as possible. The splitting of the Big East is unfortunate, but it’s also business.
Jan 25, 2015, 10:10 AM EST
One of the best big men in the 2016 class could decide between three powerhouse programs on Sunday.
Jan 25, 2015, 9:00 AM EST
Coach K goes for win No. 1,000 against St. John’s and a fun battle of elite freshmen guards in the Big Ten are Sunday’s highlights.
Jan 25, 2015, 1:05 AM EST
I feel comfortable saying I’m a better dancer than Josh Pastner. Not by much, though.
Jan 24, 2015, 11:58 PM EST
Get caught up on everything that has happened in college basketball on Saturday.
Northwestern State staff wears special pants for ‘Suits and Sneakers’ game against McNeese State (PHOTO)
Jan 24, 2015, 11:34 PM EST
The pants worn by the coaching staff were one of the highlights in Northwestern State’s 92-68 win over McNeese State.
Jan 24, 2015, 9:31 PM EST
Crawford and his teammates are looking to rebound from the 18-point loss they suffered at Tulsa Wednesday night.
Jan 24, 2015, 9:20 PM EST
Peel finished the game with 17 points, 13 rebounds and five blocks as the Blue Devils picked up their first win in NEC play.
Jan 24, 2015, 8:34 PM EST
Baylor really needed this win, but Oklahoma has now lost three of their last four.
Jan 24, 2015, 7:20 PM EST
The Tribe bounced back from a loss at Delaware earlier in the week to move into a tie for first in the CAA.
Jan 24, 2015, 6:46 PM EST
Texas Tech hit its first five three-pointers and led by as many as 19 points in the first half of their 78-73 win over the Cyclones.
Jan 24, 2015, 5:20 PM EST
Bonkers is the only way to describe this finish.
Jan 24, 2015, 4:52 PM EST
“We are still the best team in the Big 12″ — Kansas, on Saturday.
Ohio’s Maurice Ndour beats the buzzer with a dunk after full-court inbound pass for last-second win (VIDEO)
Jan 24, 2015, 4:27 PM EST
What an unbelievable finish in the MAC.
Jan 24, 2015, 3:14 PM EST
Wilson dunks all over Georgetown’s Paul White.
Jan 24, 2015, 2:17 PM EST
Clemson’s Josh Smith is the early hero of Saturday.
Jan 24, 2015, 1:53 PM EST
White is the leading scorer and rebounder for the Hawkeyes.
Jan 24, 2015, 1:30 PM EST
Northeastern and William & Mary clash on NBCSN.
Jan 24, 2015, 12:15 PM EST
Walk-ons receiving scholarships will never get old.
Jan 24, 2015, 11:30 AM EST
The College of Charleston battles Drexel in a CAA clash on NBCSN.
Jan 24, 2015, 11:15 AM EST
Pitt will officially be without a wing for the rest of the season.
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