A person familiar with the situation says the Pinstripe Bowl and the Big Ten will hold a news conference Monday at Yankee Stadium to announce an agreement between the league and the 3-year-old postseason game.
The Big Ten will replace the Big 12 in the Pinstripe Bowl, starting in 2014.
The person was not authorized to speak for the conference or the bowl and spoke to The Associated Press on condition of anonymity.
The move is not unexpected. Athletic directors at the Big Ten meetings in Chicago two weeks ago said the league was working to add the Pinstripe Bowl to its new postseason lineup.
The Atlantic Coast Conference is the front-runner to land the spot opposite the Big Ten and replace the Big East.