The conference also announced that as part of an effort to maximize its media rights and branding, it had retained The Boston Consulting Group to review its organizational design and structure.
The league is facing a critical juncture, with negotiations on a new television contract set to begin in the fall. Questions remain about whether the new-look Big East can draw the type of billion dollar media rights deals that other power conferences have locked up over the last year.
Most of the new members won't be in place until 2013.
And how much revenue the Big East will receive from a restructured BCS is also to be determined.
"At some point, we want to have a stable environment over conference affiliation and alignment," Manuel said. "The bottom line, is that we need to get to a place where everything is stable."
Marinatto said he had no idea when he was negotiating TV rights a year ago, that the conference landscape would change so much in just a few months. But, he said he made the best decisions he could as commissioner, given the changing environment.
"A lot of things I think I would have done differently, but you do the best you can with the information you have at the time," he said.
Russo reported from New York. AP Sports Writers John Kekis and Dan Gelston contributed to this report.
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