The Blue Demons host the 20th ranked Pitt Panthers for Senior Day at Allstate Arena on Saturday…
Big East Completes Breakup
Aresco, who will remain commissioner of the football league, would not disclose the financial part of the settlement.
A person familiar with the negotiations told the AP earlier this week that the football schools will receive about $100 million from a $110 million stash the conference had built up over the last two and a half years through exit and entry fees as well as NCAA men's basketball tournament funds.
"It's been an arduous four months but we got to the right place," Aresco said in a phone interview. "I think both conferences have good futures."
Aresco said the football schools have not chosen a name for the new conference and there are no favorites yet. He also said they have not determined how that $100 million or so will be split among the members.
The person familiar with the negotiations said the bulk of the money will go to holdover members Cincinnati, Connecticut and South Florida.
The divorce agreement with the basketball members, and the football schools' new TV deal with ESPN, still must be ratified by the school presidents. Aresco said that should come soon and without glitches.
Next up on the agenda for the football schools, Aresco said, is to find a 12th member and venues for future basketball tournaments.
Statement from DePaul President Rev. Dennis H. Holtschneider, C.M.
"DePaul University is grateful to Commissioner Aresco and our Big East colleagues for the collegial discussions that have allowed us to leave in 2013 and begin our new league. We are excited about the opportunities this endeavor will afford our student-athletes, coaches and fans. We wish the ongoing football members the very best as they establish their footprint in the college football landscape."
WeAreDePaul.com Recommended Stories
Dr. Roto Video: Waiver Wire Wednesday
Dr. Roto believes Miami Dolphins WR Jarvis Landry will overtake WR Brian Hartline as the team's No. 2 receiver sooner rather than later. Stay ahead of the curve with Dr. Roto!Read More
Giants Strike First In Game One Rout
The San Francisco Giants came out swinging in Game One of the 2014 World Series, scoring three times in the first inning and never looking back.Read More
Three of earth’s best ingredients combined into one succulent strip. Tailgaters will bow in appreciation.Read More
National Anthem Played with a Gun!
Musical targets? Yes, this guy plays the national anthem while shooting musical targets.Read More
Late Season Eastern Steel
NAFC friend, Frank Scalish, is best known for his achievements as a professional bass fisherman, but when the weather cools, the tourneys are over and the last bass has been weighed, he dons waders,…Read More