NEW YORK (AP) - The breakup of the Big East's football and basketball schools appears to be on the fast track.

The major college football members will meet in Atlanta on Friday to discuss the departure of the seven basketball schools that are planning to leave the conference and create a new league.

According to media reports, the basketball schools plan to have their new conference up and running for the 2013-14 school year and will pay the football schools to keep the Big East name and play its conference tournament at Madison Square Garden in New York.

Big East Commissioner Mike Aresco says no deal has been completed between the two groups but "some of this stuff is clearly coming down to the wire."

Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.