Rutgers announces press conference for Big Ten move

The Rutgers University athletic department will hold a 2 p.m. press conference Tuesday. Its expected the presser will be to officially announce the schools' departure from the Big East Conference to join the Big Ten Conference.

The Scarlet Knights, led by athletic director Tim Pernetti, have been rumored to be the second school in the Big Ten's expansion plans, as The University of Maryland officially accepted an invitation to join the league on Monday.

According to multiple reports, the Big Ten wanted to expand the conference's national footprint by adding Rutgers' television market of New York City and New Jersey. The move could help the league increase its annual worth to as much as $200 million.

Its estimated the Scarlet Knights will bring in an extra $18 million a year in revenue.

Rutgers departure from the Big East will end a 21-year partnership. The Scarlet Knights were added as a football-playing member in 1991, and in all sports in '95.