That's what the New York Daily News is reporting this morning. According to the article, Big East commissioner John Marinatto and other top conference execs flew to the Metroplex last night in time for an official announcement at 1:00pm today. As far as I can tell right now, TCU has not called a press conference, so we'll wait and see...
Yup, here it is- this email from TCU was forwarded to me just now from a friend in the media:
A major announcement involving the TCU athletics program will be made today at a 1 p.m. news conference in the Four Sevens Team Room of the Meyer-Martin Athletic Complex.
TCU chancellor Victor Boschini and director of intercollegiate athletics Chris Del Conte will be present.