That's the word from Brett McMurphy from CBS.
Talk was that this would happen eventually. Navy clearly wanted to have access to a BCS bid and a better television contract, but had to work out clearing their future schedules first. Now the Big East just needs to find a twelfth team (Temple?), and John Marinatto needs to stop opening his big mouth, sit back, and let Tim Pernetti take charge on negotiations with ESPN and Versus.
Update: Tom Luicci said that the BE had to make major concessions to Navy. Naturally, the Louisville to the Big XII rumors also restarted, although no one would ever accuse Brad Wolverton of knowing what he's talking about.