Big East name change in the works?

One of the biggest mysteries remaining surrounding the Big East is what to do about its name.

Though commissioner Mike Aresco has said repeatedly the league wants to remain known as the Big East, the departing basketball-only schools want the name, too.

The New York Times reported Thursday that the league is considering selling the name to the Catholic 7, and an announcement could come in a few weeks, though it cited no sources in the report.

As for a timetable for an eventual split, the separation agreement could be in place by the time the men's basketball tournament begins in two weeks. But it remains unclear when the schools would actually leave. Andy Katz of ESPN.com reports:

The seven non-FBS Big East schools have always wanted to exit for the 2013-14 season if they could get out in time and the TV deal -- with Fox -- was done. The problem is they can’t and don’t want to leave, according to a high-level source within the seven, until they have secured the other three schools to be a 10-team league. The seven are confident, though, that they can extract three schools (likely Butler, Xavier and one other) on short notice. The Atlantic 10 confirmed that it would cost each school $2 million to get out early, money that won’t be an issue for the seven and Fox to offset. The logistics of setting up a league, including soccer in August, are what could keep the seven in the Big East until the fall of 2014.

Lots of discussions in the hopper, so stay tuned to see how it is all going to work out.