I'll quote a guy from another site (www.ncaabbs.com) on this:
For anyone that is interested, it was interesting to see three guys in suits wearing East Carolina pins sitting near press row. Well, I asked someone connected with the higher ups about future Big East expansion, and I can tell everyone right now, don't expect expansion to happen this year, but we may, and I say may see something by the 2006 football season, and it will be for football only while all other sports may come in at a later date. The earliest word about a potential team would be sometime this summer during the summer meetings. When we asked about the possible teams that may be considered, the guys were pretty hush hush, but he did mention that some teams are NOT and will NOT be considered. One of those teams is the University of Memphis. It seems as if Memphis has burned a lot of bridges with the University of Louisville and Memphis is not willing to take a football only membership, mainly because their athletic department believes strongly that they will be the big fish in the new C-USA. They will get the bowl invites and possible BCS invite with the addition of a 5th game and they will have an easier time making the NCAAs in basketball and they could not do that if they would move to the Big East. Army and Navy have already expressed that they are not looking to join a conference for football. They don't need the BCS and they gain more exposure by playing all over the country even if they have to play the New Mexico State's of the world. That only leaves a few teams which seems to be hush hush for football only including, ECU who had people at tonights game, Central Florida, UAB, Nova (I can't see them getting football ready by 2006), UMass (I can't see it happening), Delaware (I can't see it happening), PSU (but they won't take a football only).
oddly enough, we've actually talked about some of these names before. :o