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According to the Philadelphia Daily News, Villanova has been invited to step up it's football program to the FBS level:

"The Big East very recently communicated its interest in adding Villanova as a football member," Villanova athletic director Vince Nicastro told the Daily News yesterday. "As a result, we have decided to embark on an in-depth evaluation of this opportunity.

"As you might suspect, this is a complex issue, which entails many dimensions - both quantitative and qualitative. While we will move forward on this as quickly as possible, it is critical that all of those dimensions are vetted thoroughly prior to making any final decision."

This would certainly solve a lot of problems in the Big East, most notably the unbalanced schedule.  This is an issue that has floated around the internet for some time, and back in July, Pitt Blather had some thoughts:

As for the ‘Nova solution, here’s the problem for them. Even if they can secure use of the Linc or somehow get a decent-sized facility to operate or use in the area, how can they risk committing to 1-A football? How can they when it is very clear that any of the Big East football schools would bolt for another BCS conference in a nanosecond? If Big East football conference did implode, they would still be on the hook for the costs of upgrading their program, while being forced to consider dropping to something like C-USA. From a Villanova perspective, it is hard to see the possible benefits outweigh some very significant risks.

Solid analysis, as usual.  I'll only add that if it makes sense financially for Nova to pull the trigger on FBS football, they will.  Fielding a football team is an expensive endeavor, but there's money to be made.  It's tough to actually lose money playing in a BCS conference (although playing in the Big East does increase those chances).

Happy Friday.