When the Catholic 7 schools--DePaul, Georgetown, Marquette, Providence, Seton Hall, St. John's and Villanova--split from the old Big East to form the new Big East, they will be allowed to keep their postseason conference tournament at storied Madison Square Garden.
According to reports, the "seven schools will depart on June 30 and will begin their new league on July" are are expected to add Butler, Xavier, and likely Creighton next year to have ten teams in the league. They will look to add two more teams for the 2014-15 season, sources said.
Keeping the postseason tournament at the Mecca of basketball not only is important symbolically, for that is where the Big East tournament has always been, but also increases the value of the new Big East brand.
The league will reportedly announce a deal with Fox Sports 1 within the next few weeks.