Sounds like Aresco is foolishly willing to give up the Big East name in exchange for the C-7 staying until 2014. C-7 likley gets MSG, but I think everyone already knew that.

In basketball, Aresco and the Big East are working on keeping the Catholic 7 in the league for one more season, along with Rutgers, Louisville and Notre Dame, which will mean an 18 team configuration for the 2013-2014 season.

When Rutgers, Louisville, Notre Dame and the Catholic 7 leave in 2014, the Big East will add Tulane and presumably East Carolina, which will be elevated to full membership status.

One of the main negotiating points will be the name “Big East” which the Catholic 7 group wants. Aresco and the Big East will listen and could agree to giving up the name, with some concessions, one of which will include an understanding not to withdraw until July 1, 2014.

http://ajerseyguy.com/?p=5097#more-5097