UPDATE: New Name For Big East Confirmed

The new name for the soon to be former Big East Conference is the American Athletic Conference.

The league is expected to formally announce the new name as early as Thursday.

Last month, commissioner Mike Aresco favored America 12 Conference as the league's new name. However, ESPN reports school presidents rejected it because they didn't want a number included.

The American Athletic Conference will add full members East Carolina University, Tulane and Tulsa July 1, 2014. UCF, Houston, Memphis and SMU will join the conference July 1 of this year and Navy will be added as a football-only member July 1, 2015.