NEW YORK, NY - MARCH 10: Peyton Siva #3, Angel Nunez #1, Chris Smith #5 and the Louisville Cardinals celebrate after defeating the Cincinnati Bearcats during the finals of the Big East Men's Basketball Tournament at Madison Square Garden at Madison Square Garden on March 10, 2012 in New York City. (Photo by Chris Trotman/Getty Images)

John Marinatto Told To Resign As Big East Commissioner, According To Report

Big East commissioner John Marinatto is reportedly stepping down from his job, having been asked to leave by member presidents.

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John Marinatto Resignation: Big East Releases Statement

Big East commissioner John Marinatto resigned from his position on Monday morning amid reports that he was forced out by the school presidents. The Big East conference has released a statement, confirming Marinatto's resignation and announcing that Joseph A. Bailey III will serve as the interim commissioner until a permanent one is found.

Here is the full Big East press release:

Conference Providence, R.I. -- The BIG EAST Conference today announced the resignation of Commissioner John Marinatto.

"After a great deal of thought and prayer, I have decided to step down as Commissioner of the BIG EAST Conference and formally advised our Board of Directors," stated Marinatto. "I have been associated with this league for my entire adult life and have had the tremendous honor of serving as its Commissioner since 2009. Our recent expansion efforts have stabilized the Conference for the long term, and we are likewise well positioned for our very important upcoming television negotiations. As a result, I felt this was the right time to step aside and to let someone else lead us through the next chapter of our evolution. I am proud of what we have been able to accomplish and would like to take this opportunity to publicly thank both our membership and my staff for their unwavering encouragement, support and loyalty -- especially during this past year. I am extremely confident about the future of this league that I love very much."

"I know I speak for the entire Conference when I express my sincere gratitude to John for his leadership and dedicated years of service," said Dr. Judy Genshaft, President of the University of South Florida and Chair of the BIG EAST Conference. "John helped build the BIG EAST into what it is today, and played a critical role in our successful expansion efforts, and for all of that we thank him."

Joseph A. Bailey III will today assume the position of interim Commissioner of the BIG EAST until a new Commissioner is selected. Bailey has extensive experience in the global sports industry as a leader, advisor and recruiter. He has served as the Chief Executive Officer of the Miami Dolphins, Chief Operating Officer of the World League/NFL, Vice President of Administration of the Dallas Cowboys and other senior positions. Most recently, he has served as the Managing Director of RSR Partners, a leading executive recruiting firm.

"Joe is a proven leader who will do a terrific job guiding the conference through this time of transition," said Genshaft. "His experience as a manager and his knowledge of the sports industry make Joe uniquely qualified to serve as interim Commissioner. He will move the Conference forward with a steady-hand as we explore new opportunities."

"The BIG EAST has a terrific future," said Bailey. "I'm excited to participate in shaping a new structure and strategic plans for the Conference, and I look forward to engaging on these matters with the leadership of all of the Conference's members, old and new alike."

The Conference also announced that it has retained The Boston Consulting Group (BCG) to review its organizational design and structure. As the BIG EAST transitions to a national conference, its members will take this opportunity to position the Conference to maximize its media rights, branding and other strategies.

The search for the new Commissioner of the BIG EAST will be chaired Dr. Gregory H. Williams, the President of the University of Cincinnati and a member of the BIG EAST Executive Committee.

About The Boston Consulting Group: The Boston Consulting Group (BCG) is a global management consulting firm and a leading advisor on business strategy. Founded in 1963, BCG is a private company with 75 offices in 42 countries. For more information, visit www.bcg.com and www.bcgperspectives.com.

Marinatto notes that his expansion efforts have helped stabilize the Big East, which has lost some staple members to other BCS conferences over the past few months.

The Big East will begin its search for a new commissioner as it also prepares for the league meetings next week in Ponte Vedra, Fla.

For more on the Big East and their new search for a conference commissioner, visit SB Nation's Big East Coast Bias.

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Big East Presidents Told John Marinatto To Resign, According To Report

John Marinatto resigned from his role as commissioner of the Big East Conference on Monday morning, but that resignation may not have been his own decision. CBS Sports Brett McMurphy reported on Twitter:

The Big East has dealt with a lot of instability over the past few months, including several defections of long time Big East programs, and will now be searching for a new commissioner. Marinatto was responsible for bringing in eight new members, but powerhouse schools such as West Virginia, Pittsburgh and Syracuse left under his watch.

Ascending to the commissioner's role in 2009, Marinatto was just the third Big East commissioner in the conference's 33-year history, but he served the shortest stint of the three.

Joseph A. Bailey III will serve as the interim commissioner of the Big East until a permanent one is found.

For more on the Big East, visit SB Nation's Big East Coast Bias.

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John Marinatto Resigns As Big East Commissioner, According To Report

Big East commissioner John Marinatto is reportedly stepping down from his job.

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