In a development that happened with incredible speed, the ACC announced Sunday morning that it is extending formal membership to Pittsburgh and Syracuse, creating the first 14-team BCS conference.

The news came barely 24 hours after it was first reported that the schools had applied for ACC membership.

“The ACC has enjoyed a rich tradition by balancing academics and athletics and the addition of Pitt and Syracuse further strengthens the ACC culture in this regard,” ACC Commissioner John Swofford said in a statement. “Pittsburgh and Syracuse also serve to enhance the ACC’s reach into the states of New York and Pennsylvania and geographically bridges our footprint between Maryland and Massachusetts. With the addition of Pitt and Syracuse, the ACC will cover virtually the entire Eastern Seaboard of the United States.”

We’ll have more on the ACC’s huge news after this morning’s ACC teleconference, which I’ll be following on the Terps Insider Twitter feed. It starts at 9:30.

In the meantime, how about a Breakfast With the ACC Teleconference poll?