I'll leave it to YES to explain the particulars.
What most intrigues me about this move is whether it is intended as a step to pave the way to an ACC basketball tournament in NYC, a thing that would make Greensboro-hater Jim Boeheim happy and whatever conference traditionalists are left among us want to jump from the Empire State Building.
NYC is and will always be a pro sports town, but making inroads into a market of over eight million can't be a bad thing for the conference. Those inroads include the Pinstripe Bowl, which will be played in Yankee Stadium and feature an ACC-Big Ten contest starting in 2014. Imagine the ratings for that Rutgers-Syracuse thriller!
Swoff has thoroughly plunged his sword through the heart of the Big East, and now he is twisting it.