ESPN is reporting that the 7 non-football schools met Sunday with Aresco and discussed dissolving the Big East. Sure, this has been rumored/speculated in the past, but it looks like things are actually starting to go down. If so, welcome to football purgatory UConn fan.
Juicy bits from the article:
At issue is whether the Big East basketball-only schools have the power to dissolve the league and retain all the assets and brand name.
"The basketball schools are not thrilled with Tulane and what they will do to the league's RPI," said a league source from a football-playing member. "They were not all that excited with that addition."
The source added that "the basketball schools would have fallen off the ledge if we would have added East Carolina as a full member and what that would have done to the basketball league."
Last week, CBSSports.com reported the Big East's media rights deal is expected to bring between $60 million and $80 million, which would actually provide the basketball schools less revenue than its current deal. Based on those figures, the basketball schools would earn only $1.06 million (based on the $60 million estimate) or $1.41 million (based on the $80 million estimate). They currently annually receive $1.5 million from the league's media rights deal.
"The league was not happy the way Cincinnati and UConn reacted to the news they were not selected by the ACC," a Big East source said.
Meanwhile, a source with knowledge of the Big East's deal with Madison Square Garden told ESPN.com that MSG is "covered" and can get out of the contract if the league continues to change its membership.