- Associated Press - Wednesday, March 20, 2013

NEW YORK (AP) - The breakaway basketball schools kept the Big East name and the conference tournament in Madison Square Garden. In return, they left behind tens of millions of dollars to the football members.

That was easy to do with a lucrative television contract awaiting.

The new Big East launched as a 10-member league Wednesday with the additions of Butler, Creighton and Xavier and a 12-year deal with Fox. The agreement is worth about $500 million with the possibility of increasing to $600 million were the league to add more members, according to a person with knowledge of the details. The person spoke on condition of anonymity because the value of the agreement was not made public.

The so-called Catholic 7 schools completed their exit from the Big East earlier this month. They’ll start play with their three new colleagues in the fall.

Providence’s president, the Rev. Brian Shanley, was a student at the college when its athletic director, Dave Gavitt, spearheaded the creation of the Big East in 1979. The conference’s name was proposed by his father’s marketing firm.

“This name is bold. This name is strong. This name is memorable,” Shanley said. “That’s why it’s been important for us to keep that name and keep that legacy going.”

Providence, Georgetown, St. John’s, Villanova, Marquette, Seton Hall and DePaul broke away from the old conference in search of stability, which was badly lacking as the football members kept leaving for other leagues.

They feel they’ve found kindred spirits in Butler, Creighton and Xavier, all private schools with fewer than 8,000 students.

Creighton’s president, the Rev. Timothy Lannon, voiced an appropriate sentiment for a conference with only Butler as a non-Catholic member.

“This is a match made in heaven,” he said.

Oh, and these new schools can play basketball a little, too.

Creighton is in its seventh NCAA tournament in 13 years. Xavier was one of only eight schools in the country to make at least seven straight NCAA appearances before missing out this season.

And Butler played in the national championship game in 2010 and `11.

The three new additions also expand the Big East’s presence in the Midwest.

Butler and Xavier are leaving the Atlantic 10, while Creighton departs the Missouri Valley Conference.

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