@musketeerreport: The Big East and Big Ten have announced a press conference for Monday at 12:30.
The Big East has been looking for a conference partner. I know they've been talking to the B1G but I thought the Pac12 would be an ideal choice given they don't have a challenge yet and they are partners with FOX.
EDIT: I guess I could have put this in the Terps section. Keep forgetting about that...
As a reminder, here are both conference's members. 4 Big Ten schools will likely not be a part of the challenge.
Big East: Butler, Creighton, DePaul, Georgetown, Marquette, Providence, Seton Hall, St. John's, VIllanova, Xavier
Big Ten: Illinois, Indiana, Iowa, Maryland, Michigan, Michigan State, Minnesota, Nebraska, Northwestern, Ohio State, Penn State, Purdue, Rutgers, Wisconsin
Lots of interesting matchups.