Starting in 2010 teams from the Big East and Big 12 conferences will match up in a Bowl game at the New Yankee Stadium. According to this article from Dick Weiss, the bowl "will be tentatively known as 'The Yankee Bowl,'" and their will be a seating capacity of 47,000.
There is a press conference at 10:30 a.m. today in the Bronx to announce the details. You can watch the press conference live on YES. Hal Steinbrennner, mayor Michael Bloomberg, Randy Levine, Lonn Trost and Bronx Borough President Ruben Diaz Jr. are expected to be on hand.
According to Mark Feinsand, the third or fourth ranked team in the Big East, and the seventh ranked team in the Big 12 will take part in the game, which will take place sometime between Christmas and New Year’s Day. And if a Big 12 team doesn't qualify for a bowl, "Norte Dame has agreed to take part in the Yankee Stadium bowl game against a Big East opponent unless the Irish are eligible for a BCS bowl."