The Athletic: The Big Ten, Pac-12 and ACC are expected to make a formal announcement about their alignment soon, perhaps as early as next week, multiple sources told The Athletic. It's not yet clear how specific the announcement will be because there are so many details to iron out, although administrators in all three leagues have stressed in recent conversations that issues of governance can and should be front and center.

Schools within the three conferences believe they are like-minded, that they want to continue to prioritize broad-based sports offerings and that the academic profile of their institutions matters — as does graduating athletes. For example, Big Ten schools sponsor an average of 24.8 sports per campus, with the ACC (23.8) and Pac-12 (22.9) not far behind. SEC schools offer an average of 19.9 sports.