The Big East Presidents and Athletic Directors will meet in Atlanta on Friday to discuss the timing and the details of the break up with the Catholic 7 group of schools who announced their departure from the conference in December.
Although no formal announcement is expected, the group, which includes all the schools still committed to the Big East, is expected to approve a plan which would sell the name “Big East’ to the Catholic 7, as well as allow the group–which includes Seton Hall. St. John’s, Georgetown, DePaul, Marquette. Providence and Villanova–to leave in July.
In exchange for leaving two years earlier than the scheduled departure date of July 2015, the Catholic 7, who will not attend the Atlanta meeting, would agree to take considerably less money from a reserve pool of conference money earned by the Big East from exit fees and NCAA basketball tournament shares which is reported to be in excess of 60 million dollars.