Report: Big East presidents set to approve Catholic Seven departure this year

Well, that was fast. After rumblings surfaced online in the past 24 hours, it now looks like the Catholic Seven will be moving up their departure to this July, according to a report from Mark Blaudschun at A Jersey Guy. Blaudschun says an announcement is expected in the next few days and that the Catholic schools will be taking the Big East name with them.

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.

The financial details of this arrangement still must be worked out, but both sides appear ready to announce that the Catholic 7 group will leave in July and take the Big East name with them.

If there is a snag in their plans the Catholics would stick around through 2014, but Blaudschun's sources seem to think that is unlikely.

This, on balance, would appear to work out for UConn in the short run. Sure, they won't get another crack at Georgetown or Marquette next season, but they seem to be in line for a bigger payday, and with the upcoming TV contract squeeze getting that money is probably a priority. It shouldn't change what football was expecting for next year as Rutgers and Louisville will still be around, but it will leave whatever the New Big East is going to be called as a 10-team basketball league, which will be a very different look from the mammoth Big East. We'll have more as we hear it.

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join The UConn Blog

You must be a member of The UConn Blog to participate.

We have our own Community Guidelines at The UConn Blog. You should read them.

Join The UConn Blog

You must be a member of The UConn Blog to participate.

We have our own Community Guidelines at The UConn Blog. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9341_tracker