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Big East Basketball evaporating

Administrators from Depaul, Georgetown, Villanova, Seton Hall, Marquette, St. John's, and Providence released this statement today:
"Earlier today we voted unanimously to pursue an orderly evolution to a foundation of basketball schools that honors the history and tradition on which the Big East was established. Under the current context of conference realignment, we believe pursuing a new basketball framework that builds on this tradition of excellence and competition is the best way forward."
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"We are grateful to our Commissioner, Michael Aresco, for his exceptional leadership of the Big East Conference. We have been honored to be associated with the outstanding group of institutions that have made up the Big East. While we pursue this opportunity for our institutions, we believe the efforts of the past two years have established the foundation for an enduring national football conference."
"We look forward to building this new foundation with an emphasis on elite competition and a commitment to the development of our students engaged in intercollegiate athletics. That is where we will now spend our energy as we move forward.
The Big East issued its own statement in response.
"The basketball institutions have notified us that they plan to withdraw from the BIG EAST Conference. The membership recognizes their contributions over the long distinguished history of the BIG EAST. The 13 members of the Conference are confident and united regarding our collective future. We have a strong Conference with respected national universities, and are working together to forge the future. We have a variety of options, and are looking forward with great partnership, collegiality and optimism."
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