http://www.usatoday.com/story/sports/nca...s/1963671/

Quote:After a weekend of talks and negotiations, the Big East Conference has put together a framework of an agreement allowing member schools known as the Catholic 7 to break away from the Big East by July and take the "Big East'' name, according to a person familiar with the discussions.

The person spoke on the condition of anonymity because the matter was not to be discussed publicly.

The person said and agreement on the split could be announced Thursday and added that the Big East football schools expect to have a new conference name as well as a new site for the conference basketball tournament, which has been anchored in New York's Madison Square Garden since 1983.

Other than the "framework" comment, and the suggestion that an announcement will be made Thursday, and that the FB schools might announce a new name and hoops tournament site, most of this looks like what Blaudschun wrote on his own website on Sunday. UConn, USF, and Cincinnati get a windfall; the incoming FB schools split a total of $10 million between them; Notre Dame to the ACC in fall 2013.