The new Big East Conference will be born Wednesday in New York.
Butler, Creighton and Xavier will all announce their move to the new-look, basketball-centric conference.
The three new members will join the so-called "Catholic 7," DePaul, Georgetown, Marquette, Providence, Seton Hall, St. John's and Villanova.
Xavier and Butler are moving from the Atlantic 10 Conference, while Creighton is leaving the Missouri Valley Conference.
The Washington Post reported that the new Big East on Wednesday will officially announce its 12-year broadcasting contract with Fox Sports worth, valued at approximately $600 million.
After beginning its reboot with 10 teams, the Big East is expected to grow to 12 teams in the future.
The other schools who were in the Big East this season will compete in a separate conference as of July 1. However, current Big East schools Pittsburgh, Syracuse and Notre Dame are due to move to the ACC this summer. Louisville is headed to the Atlantic Coast Conference in the summer of 2014, the same time Rutgers will move to the Big Ten.