Big East football keeps $100 million in split
TribLIVE Sports Videos
NEW YORK — Big East football schools will get almost all of a $110 million pot in a deal that will allow seven departing basketball schools to keep the name Big East and start playing in their own conference next season, a person familiar with the negotiations said.
The person spoke to the Associated Press on condition of anonymity because the separation agreement has not yet been finalized. That is likely to happen by the end of the week.
The football schools will receive approximately $100 million under the agreement, most of which will go to holdover members Connecticut, South Florida and Cincinnati.
The basketball schools will receive $10 million, the Big East name and the right to play their conference tournament at Madison Square Garden.
The Big East's stash of cash has built up in recent years through a combination of exit fees, entry fees and money the league's members earned in the NCAA men's basketball tournament. Since 2011, the Big East has lost 16 schools that were either members or dropped out before playing a game. That figure includes the seven Catholic basketball schools.
The so-called Catholic 7, which is expected to add at least two more members before it begins competition in the 2013-14 school year, is made up of Georgetown,St. John's, Villanova, Seton Hall, Providence, Marquette and DePaul.
The new Big East has a television deal from Fox waiting for it, though it still needs to hire a commissioner and set up a league office.
Joining South Florida, Connecticut, Cincinnati and Temple, which rejoined the Big East last year for football, in the to-be-named-later conference in 2013 will be Memphis, Central Florida, SMU and Houston. East Carolina and Tulane are set to join in 2014 and Navy is scheduled to join for football in '15.
Commissioner Mike Aresco has said the conference is looking at adding another member to give it an even 12. It would then break into two divisions of six and play a football championship game.
The Big East football schools recently agreed to a seven-year deal worth about $130 million with ESPN, though the first year of the deal is expected to be adjusted down with the departure of the seven basketball schools. The Big East will receive about $20 million per year for the final six years of the deal, or about $2 million per school.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Stakes high as ex-Saints receiver Moore faces his former team
- Steelers notebook: Injury to RT Gilbert opens door for Adams to start
- Icy roads slow traffic across Western Pa.
- Police identify driver in North Side crash that killed pregnant woman
- Pitt receiver Boyd continues to grow on and off the field
- Penguins GM prepares for emotional series against Carolina
- Penguins notebook: Winning home games crucial for Penguins
- No federal funds to help enforce Pa. ban on texting by drivers
- Allegheny County Council wants to hike members’ $3K expense accounts
- Steelers’ backups Archer, Harris ready to run
- Youngwood gets 1st full-size grocery in nearly 20 years